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$3.3M total
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Asset Class
Land
Size
—
Building class
A
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
94%
Lot Size
108.4 ac
Great location on the south east corner of Oxford County. This farm consists of 108 acres of prime fox loam ground with approx. 95 acres of flat workable land. The home, built in 2016, has 1,750 square feet of living space, including four bedrooms and two bathrooms, plus a full unfinished basement. There are 10 DeCloet bulk kilns with gas burners, a 45 x 120 barn with a strip room area and loading dock, a 20x40 kiln converted to garage space, a 16'x24' concrete block garage and a double car detached garage. The farm has some frontage at the back on Big Creek and also has a good irrigation pond. The pump house is equipped with 220V power and a large pump hooked to 3 sand points. There are two hydro meters on the property and two gas meters. One hydro service is for the home and the other for the kilns and barn, one gas meter is for the home and one for the kilns. Add to your portfolio and increase your production with this quality land and location. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$15K
Projected NOI
$156K
Annual cash flow
$-24K
Cash-on-cash
-2.49%
DSCR
0.87
Going-in cap
4.79%
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
83,275
Households
36,690
Median income
$134,000
Median age
37.2
Daytime population
119,360
5-yr growth
1.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 126183 MALL ROAD, Norwich (Otterville).
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.