For Lease · Industrial

319C TALBOT STREET North, Essex

319C TALBOT STREET North, Essex, ON N8M2E1

$25 per sq ft / yr

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

84%

Clear height

32 ft

Loading docks

10

About this property

Prime commercial leasing opportunities at Hopgood Place, a high-traffic commercial destination strategically located at Talbot Street North and Hopgood Avenue in Essex. Offering flexible units ranging from approximately 1,200 to 6,500 sq. ft., with lease rates starting at just $20 per sq. ft. annually. Featuring flexible CD3.1 zoning, design-build opportunities and tenant build-out allowances available, this development is ideal for restaurants, retail, medical, office, professional services, automotive and a variety of other commercial uses. Phase 1 is complete, with Phase 2 offering exciting new opportunities for businesses seeking exceptional visibility, accessibility and exposure. A standalone drive-through restaurant of approximately 2,400 sq. ft. can also be accommodated, providing an excellent opportunity for food service operators seeking a prominent, high-visibility location. Flexible layouts, custom design-build options and potential tenant improvement allowances are available to accommodate specific business requirements. Another quality development by Brotto Development Corporation - Building Quality Since 1957. (id:66811)

Financial sandbox

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Estimate
Purchase price$25
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

1.46%

DSCR

1.08

Going-in cap

5.98%

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

143,113

Households

53,175

Median income

$110,500

Median age

31.1

Daytime population

231,848

5-yr growth

4.2%

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

Secure deal room

Confidential diligence documents for 319C TALBOT STREET North, Essex.

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.