For Sale · Industrial

21 - 1040 MARTIN GROVE ROAD, Toronto (West Humber-Clairville)

21 - 1040 MARTIN GROVE ROAD, Toronto (West Humber-Clairville), ON M9W4W4

$1.5M total

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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

99%

Clear height

32 ft

Loading docks

13

About this property

A spacious 3,046 sqft industrial unit is within the Employment Industrial (E1) zone allowing for wide variety of uses. This prime location benefits from convenient access to Highway 409 and 401, and proximity to Toronto Pearson International Airport. The units at this location are highly coveted by owner/users and investors alike due to its versatility, functionality, and high tenant retention rate. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.48M
Down payment30% · $443K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$96K

Annual cash flow

$15K

Cash-on-cash

3.32%

DSCR

1.18

Going-in cap

6.54%

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

73,516

Households

30,879

Median income

$76,000

Median age

43.1

Daytime population

118,943

5-yr growth

9.1%

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

Secure deal room

Confidential diligence documents for 21 - 1040 MARTIN GROVE ROAD, Toronto (West Humber-Clairville).

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.