For Sale · Industrial

16622 STEELES AVENUE, Halton Hills (Rural Halton Hills)

16622 STEELES AVENUE, Halton Hills (Rural Halton Hills), ON L0P1E0

$8.8M total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IL — Light Industrial

$ / SF

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Occupancy

89%

Lot Size

2.93 ac

Clear height

22 ft

Loading docks

5

About this property

INDUSTRIAL LAND OPPORTUNITY - PREMIER GATEWAY, HALTON HILLS Exceptional opportunity to acquire approximately 2.93 acres of employment land at 16622 Steeles Ave, in the heart of the Premier Gateway Employment Area - the Town of Halton Hills' prestige employment corridor and one of the GTA West's most active industrial nodes. The property includes an existing bungalow house/office of 2,361 SF and is fully fenced and gated. The site is a true rectangle - 198 FT of frontage on Steeles Ave by 648 FT of depth - a clean, efficient configuration that offers a wide range of future design and build opportunities, with the existing building providing immediate utility while plans take shape. Exceptional connectivity with quick access to Hwy 401 and Hwy 407, offering efficient routes for logistics, strong exposure on Steeles Ave, and long-term value within the Halton Hills Premier Gateway Employment Area. Surrounded by major big-box logistics and employment investment: Prologis Halton Hills Gateway (1.3M SF at Trafalgar Rd & Steeles Ave), the 775,000 SF QuadReal/First Gulf development at Steeles Ave & Fifth Line, Milton's Derry Green corporate park minutes west, and Toronto Premium Outlets approx. 5 minutes west at Steeles & Trafalgar. Designated within the Premier Gateway Employment Area and zoned 401 Corridor Gateway (G)H. Buyers are advised to conduct their own due diligence regarding zoning permissions, servicing, and site design requirements. (id:66811)

Financial sandbox

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Estimate
Purchase price$8.80M
Down payment30% · $2.64M
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$41K

Projected NOI

$395K

Annual cash flow

$-93K

Cash-on-cash

-3.51%

DSCR

0.81

Going-in cap

4.49%

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.

Area demographics

Trade area within 3 miles of the property.

Population

68,310

Households

32,063

Median income

$126,000

Median age

37.3

Daytime population

95,064

5-yr growth

5.9%

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

Secure deal room

Confidential diligence documents for 16622 STEELES AVENUE, Halton Hills (Rural Halton Hills).

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.