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Price on request
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Asset Class
Land
Size
—
Building class
B
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
96%
150,000 Sq. Ft. Glass Greenhouses for Lease - Niagara-on-the-Lake Located in prestigious Niagara-on-the-Lake, these state-of-the-art glass greenhouses offer approximately 150,000 sq. ft. of growing space and are available for lease. Ideal for cultivating flowers, vegetables, strawberries, or a wide variety of other crops, the facility is designed for efficient year-round, 24/7 production. Features include: Advanced greenhouse design Automated micro-climate control system3-phase electrical power Three gas-fired boilers Two truck loading docks Spacious packing area Storage barn Staff lunchroom Fully functional office space Lease Rate: $2.00 per sq. ft. per year, plus utilities. Additional Storage Facility Available: A large barn/storage building measuring 120 ft. x 40 ft. with a 16-ft. ceiling height is also available for lease at $5.00 per sq. ft. per year. You just pay rent and No Taxes (property taxes), Maintenance (common area maintenance/CAM), Insurance (TMI) fees. Accommodation: A 4-bedroom house is available for lease at $2,600 per month, 5 minus drive from the greenhouse, providing convenient accommodation for greenhouse operators or staff. Minimum Lease Term: One year. Don't miss this exceptional opportunity to establish or expand your agricultural operation in one of Ontario's premier growing regions. Application Requirements Applicants must provide: Completed rental application Credit and financial verification. Employment letter and recent pay stubs, or other proof of income References Only qualified applicants will be considered. (id:66811)
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Monthly debt service
$7K
Projected NOI
$84K
Annual cash flow
$775
Cash-on-cash
0.17%
DSCR
1.01
Going-in cap
5.59%
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
127,820
Households
50,727
Median income
$114,500
Median age
31.1
Daytime population
195,164
5-yr growth
7.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 48 ROVEN ROAD, Niagara-on-the-Lake (Lakeshore).
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.