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For Sale · Industrial

21 CHURCH STREET, Ridgetown

21 CHURCH STREET, Ridgetown, ON N0P2C0

$1.6M total

27,000 SF

Asset Class

Industrial

Size

27,000 SF

Building class

C

Zoning

IL — Light Industrial

$ / SF

$59

Occupancy

87%

Year Built

1950

Clear height

25 ft

Loading docks

13

About this property

27,000 SQ FEET ,FORMER SCHOOL ON 4 ACRES OF LAND ZONED RL -2 SCHOOL IS LOCATED IN RIDGETOWN . BUILDING CONSIST OF 16 CLASSROOMS ,2000 SQ FT GYM , WASHROOMS AND OFFICES. WITH A LARGE PARK LIKE SETTING ,FULLY FENCED IN YARD , 2 BLOCKS FROM DOWNTOWN CORE CLOSE TO RIDGETOWN AGRICULTURAL SCHOOL COULD BE STUDENT HOUSING. PROPERTY IS TO BE PURCHASED IN "" AS IS "" CONDITION. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.60M
Down payment30% · $480K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$91K

Annual cash flow

$2K

Cash-on-cash

0.48%

DSCR

1.03

Going-in cap

5.68%

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
Prairie Coffee Roasters23,571 SF2033-03

Area demographics

Trade area within 3 miles of the property.

Population

132,833

Households

55,559

Median income

$95,000

Median age

41.7

Daytime population

118,160

5-yr growth

9.4%

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

Secure deal room

Confidential diligence documents for 21 CHURCH STREET, Ridgetown.

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.