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Price on request
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Asset Class
Industrial
Size
—
Building class
C
Zoning
IB — Industrial Business
$ / SF
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Occupancy
99%
Clear height
36 ft
Loading docks
6
Position your operation at 1640 Fanshawe Park Road East with approximately 6,700 SF of functional indoor space ,outdoor parking and optional additional storage land. The premises comprise approximately 6,000 SF of operating space plus 700 SF across four storage areas, three bays with 16'x16' doors, a service pit in Bay 2 and access to shared washroom facilities. Well positioned to serve the London market, this unique property offers the combination of heated indoor workspace, equipment parking and outdoor storage sought by many construction and infrastructure-support businesses. Additional outdoor storage may be available at $1,500 per acre, subject to availability and Landlord approval. Asking Base Rent is $6.75 PSF with 2% annual increases. Additional Rent is estimated at $2.00 PSF and includes insurance, repairs, maintenance and administration. Utilities are an additional $1,000 per month. ZONING NOTE: The property is currently zoned EX - Resource Extraction, which allows a limited range of uses. Although the site has historically accommodated several construction-related businesses, each proposed use must be reviewed individually. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$88K
Annual cash flow
$5K
Cash-on-cash
1.03%
DSCR
1.06
Going-in cap
5.85%
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.
Trade area within 3 miles of the property.
Population
97,548
Households
42,695
Median income
$108,500
Median age
33.6
Daytime population
152,717
5-yr growth
3.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for UNIT 2, 2B - 1640 FANSHAWE PARK ROAD E, London North (North D).
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.