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For Lease · Office

UNIT #3 - 12 LEGGETT LANE, Kincardine

UNIT #3 - 12 LEGGETT LANE, Kincardine, ON N0G2T0

Price on request

825 SF

Asset Class

Office

Size

825 SF

Building class

C

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

87%

About this property

Ideal commercial space available for lease in Tiverton. This approximately 825 square foot modernized space features a contemporary apartment style floor plan with lots of parking and an option to add additional office space that functions as a boardroom, another washroom, kitchenette and dry documents storage area. The space has been purpose built to suit professional use and is outfitted to accommodate office and training functions. The ground level has wheelchair accessibility and a barrier free washroom. This high quality efficient century building is unique and without significant need for leasehold improvements, which allows significant cost savings and ease of occupancy for the end user. The landlord is willing to negotiate any additional interior finishes or layout options to meet your organization's needs. It is an excellent opportunity for a business to establish or expand its presence in the community. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.400 SF2032-09
Cascade Foods Inc.400 SF2032-09

Area demographics

Trade area within 3 miles of the property.

Population

129,892

Households

56,577

Median income

$111,500

Median age

31.5

Daytime population

158,623

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for UNIT #3 - 12 LEGGETT LANE, Kincardine.

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.