For Lease · Specialty

79 HIGHWAY 2 Unit# C, Princeton

79 HIGHWAY 2 Unit# C, Princeton, ON N0J1V0

Price on request

34,000 SF

Asset Class

Specialty

Size

34,000 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

85%

Lot Size

4.22 ac

About this property

Opportunity to lease approximately 34,000 square feet of commercial greenhouse space on a rural commercial property in Brant. Poly-covered, gutter-connected greenhouse professionally equipped with power roof and automated shade system, suitable for a variety of agricultural uses. Heat (natural gas) and water services can be made available. The Tenant is responsible for the cost of utilities. Convenient rural location located minutes to the 401 & 403 offering excellent access to Kitchener-Waterloo, Hamilton and Brantford. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Blue Harbour Design13,371 SF2029-09
Blue Harbour Design7,194 SF2029-08
Blue Harbour Design8,267 SF2029-09

Area demographics

Trade area within 3 miles of the property.

Population

57,630

Households

22,161

Median income

$103,000

Median age

33.2

Daytime population

60,463

5-yr growth

1.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 79 HIGHWAY 2 Unit# C, Princeton.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.