Business For Sale · Industrial

2150 SPEERS ROAD, Oakville (QE Queen Elizabeth)

2150 SPEERS ROAD, Oakville (QE Queen Elizabeth), ON L6L2X8

$1.6M 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

98%

Lot Size

0.652 ac

Clear height

20 ft

Loading docks

8

About this property

Amazing opportunity to acquire vacant commercial land in a prime Oakville location! Ideally situated within the established Speers Road employment corridor, this vacant land parcel offers excellent potential for investors, developers, and businesses looking to establish a presence in Oakville. The property is located between 2140 and 2170 Speers Road and is identified as 2150 Speers Road for reference purposes only, as no municipal address is currently assigned. Zoned E! - office employment, permitting a variety of employment abd commercial uses, subject to applicable zoning provisions, including office and professional buildings, medical and business offices, financial institutions, training and educational facilities, commercial schools, research and development, hotels, daycare facilities, services commercial uses, restaurants, and accessory retail/showrooms uses. Excellent location with convenient access to the QEW, Bronte Road, Third Line and GO transit, surrounded by established commercial and employment developments. A great opportunity to secure vacant commercial land in one of Oakville's well established employment areas. Buyer and Buyer's agent to conduct their own due diligence and verify zoning, permitted uses, development potential, servicing, municipal addressing and all applicable municipal requirements. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.60M
Down payment30% · $480K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$106K

Annual cash flow

$18K

Cash-on-cash

3.65%

DSCR

1.20

Going-in cap

6.64%

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

96,394

Households

42,510

Median income

$93,500

Median age

43.3

Daytime population

120,837

5-yr growth

9.4%

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

Secure deal room

Confidential diligence documents for 2150 SPEERS ROAD, Oakville (QE Queen Elizabeth).

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.