For Sale · Industrial

583 MAIN STREET E, Milton (DP Dorset Park)

583 MAIN STREET E, Milton (DP Dorset Park), ON L9T3J2

$6.0M total

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IL — Light Industrial

$ / SF

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Occupancy

90%

Lot Size

1.003 ac

Clear height

31 ft

Loading docks

13

About this property

Rare opportunity to acquire a 3,200 SF freestanding industrial building on a 1.003-acre site with an expansive paved yard in central Milton. The property combines functional shop and office space with substantial yard capacity for operators requiring on-site parking and storage, subject to permitted uses. The shop features twenty-foot (20') clear height, three (3) drive-in doors, and a washroom with a private shower. An additional extra-wide storage area within the building, located behind the shop, provides valuable space for equipment, materials, or inventory, with separate exterior access for added convenience. A welcoming reception area includes a customer washroom, while second-floor office space includes a boardroom and a private washroom. Minutes from Highway 401 and approximately 670 metres from Milton GO Station, the location provides convenient access across the GTA and rail service to Toronto's Union Station. Zoned UGC-MU-H and situated within Milton's Central Business District and the Milton GO Protected Major Transit Station Area, the property also offers longer-term redevelopment potential, subject to applicable approvals. Flexible terms available. (id:66811)

Financial sandbox

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Estimate
Purchase price$6.00M
Down payment30% · $1.80M
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$28K

Projected NOI

$287K

Annual cash flow

$-46K

Cash-on-cash

-2.53%

DSCR

0.86

Going-in cap

4.78%

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

56,464

Households

23,469

Median income

$115,000

Median age

33.3

Daytime population

68,728

5-yr growth

6.6%

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

Secure deal room

Confidential diligence documents for 583 MAIN STREET E, Milton (DP Dorset Park).

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.