Business For Sale · Industrial

633 Lorne Street Unit# 106-107, Sudbury

633 Lorne Street Unit# 106-107, Sudbury, ON P3C4R3

Price on request

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Asset Class

Industrial

Size

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Building class

B

Zoning

IB — Industrial Business

$ / SF

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Occupancy

97%

Clear height

35 ft

Loading docks

9

About this property

Well-positioned 3,528 SF warehouse space offering three 12' x 12' overhead garage doors, providing convenient loading access and flexibility for a variety of operation. This unit is comprised of 3 garage bays which can be combined to provide one large, continuous work area . The space features a dedicated private office, washroom, concrete warehouse areas, and vinyl plank flooring in the rear of one bay. Well suited for contractors, trades, service businesses, storage, light industrial, distribution, and other commercial uses requiring practical warehouse and loading space. Conveniently located on Lorne Street with easy access to Highway 17, the Maley Drive Extension and West End Business Park, with parking available at both the front and rear and access from both Lorne Street and Cressey Street. Offered at $16.00/SF net plus $8.53/SF additional rent, approximately $7,211.82 + HST per month. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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

87,724

Households

34,188

Median income

$84,500

Median age

44.1

Daytime population

80,569

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 633 Lorne Street Unit# 106-107, Sudbury.

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.