895 LANGS Drive Unit# 8-9, Cambridge — photo 2

895 LANGS Drive Unit# 8-9, Cambridge — photo 3

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For Lease · Retail

895 LANGS Drive Unit# 8-9, Cambridge

895 LANGS Drive Unit# 8-9, Cambridge, ON N3H5T6

$23.5 per sq ft / yr

1,450 SF

Asset Class

Retail

Size

1,450 SF

Building class

Zoning

CB1 — Low Intensity Business

$ / SF

Occupancy

95%

Lot Size

0.9 ac

About this property

Approximately 1,450 sq. ft. of main-floor retail/office space featuring a desirable end-cap location and convenient access to Hespeler Road (Highway 24) and Highway 401. Situated in an commercial area surrounded by numerous residential neighbourhoods, providing access to a strong local customer base. Flexible zoning permits a variety of potential uses, including medical, dental, retail, professional office, veterinary clinic, and more. The plaza offers ample on-site parking for the convenience of tenants and their customers. An excellent opportunity for businesses seeking a versatile space in a well-connected location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$24

Down payment30% · $7

Interest rate6.25%

Amortization25 years

Occupancy95%

Expense growth2.5%

Monthly debt service

Projected NOI

Annual cash flow

$-0

Cash-on-cash

-5.00%

DSCR

0.73

Going-in cap

4.04%

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)

Tenant	Suite	Area	Rent / SF	Expiry
Northbridge Logistics	250	965 SF	$36.79	2029-03
Lakeview Physiotherapy	250	400 SF	$36.67	2029-04
Lakeview Physiotherapy	250	400 SF	$36.55	2029-03
Lakeview Physiotherapy	260	400 SF	$36.43	2029-03

Area demographics

Trade area within 3 miles of the property.

Population

102,102

Households

45,681

Median income

$77,500

Median age

42.7

Daytime population

96,779

5-yr growth

6.5%

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

Secure deal room

Confidential diligence documents for 895 LANGS Drive Unit# 8-9, Cambridge.

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.