For Sale · Industrial

1881 LONGLEE LANE, Kingsville

1881 LONGLEE LANE, Kingsville, ON N0P2G0

$1.2M total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

95%

Clear height

30 ft

Loading docks

10

About this property

17.5 acre farm with Greenhouse operation, Approx 40000 sf newer Greenhouses and additional apx 40000 sf older greenhouses, 2 Cleaver Brooks (200) Boilers, multiple generators, 2 Houses 1ST is 4 Bed, 2 Bath, 2ND is 3 Bed,1 bath. Greenhouse operation and both Houses sit in flat fenced compound outside of which is a gentle hill sloping North with small pond approx 7 acres of aerable land. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.19M
Down payment30% · $356K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$73K

Annual cash flow

$7K

Cash-on-cash

2.06%

DSCR

1.11

Going-in cap

6.16%

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

125,037

Households

50,247

Median income

$80,500

Median age

44

Daytime population

174,785

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for 1881 LONGLEE LANE, Kingsville.

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.