Business For Sale · Industrial

868 Prospect Road, Goodwood

868 Prospect Road, Goodwood, NS B3T1P4

$1.1M total

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IB — Industrial Business

$ / SF

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Occupancy

94%

Year Built

1985

Lot Size

0.4545 ac

Clear height

33 ft

Loading docks

2

About this property

This industrial property offers 3,105 SF of building space across two buildings on a 19,800 SF (0.45-acre) site, with high exposure Prospect Rd, 2.8 KM from Exhibition Park. Zoned I-1 (Light Industrial) the property also permits C-2 (General Business) uses such as outdoor display/ automotive sales, providing flexibility for a variety of business operations. The main building features three private offices, a showroom and reception area, warehouse space with grade-level double man doors, and ceiling heights ranging from 8' - 12'. A detached rear storage building provides additional space, making this property well suited for an owner-occupier or business seeking a versatile industrial and commercial location with yard. Located at 868 Prospect Road, this property benefits from an established mix of commercial and industrial businesses, including construction and demolition recycling, metal recycling, heavy-duty truck and trailer repair, transportation, and container supply services in the same area. With convenient access to Halifax, with Ragged Lake Business Park, Beechville Business Park and Bayers Lake Business Park all approximately 5 minutes away, downtown Halifax approximately 10 minutes away and with easy access to the 102 and 103 highways, as well as being a high visibility site on the route to Peggy's Cove. Halifax Stanfield International Airport is approximately 25 minutes away, providing connectivity for regional and national business operations. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.13M
Down payment30% · $338K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$69K

Annual cash flow

$6K

Cash-on-cash

1.83%

DSCR

1.10

Going-in cap

6.09%

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

68,688

Households

26,334

Median income

$67,000

Median age

40.4

Daytime population

92,825

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 868 Prospect Road, Goodwood.

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.