Business For Sale · Industrial

UNIT 2, 2B - 1640 FANSHAWE PARK ROAD E, London North (North D)

UNIT 2, 2B - 1640 FANSHAWE PARK ROAD E, London North (North D), ON N5X4A3

Price on request

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Asset Class

Industrial

Size

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Building class

C

Zoning

IB — Industrial Business

$ / SF

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Occupancy

99%

Clear height

36 ft

Loading docks

6

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for UNIT 2, 2B - 1640 FANSHAWE PARK ROAD E, London North (North D).

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.