Business For Sale · Industrial

357 QUEEN STREET Unit# V/L + SHOP + GARAGE, Harrow

357 QUEEN STREET Unit# V/L + SHOP + GARAGE, Harrow, ON N0R1G0

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

84%

Clear height

22 ft

Loading docks

11

About this property

COMMERCIAL FOR LEASE W/ VACANT LAND FOR FLEET / VEHICLE /TRAILER STORAGE. PLUS 2 SHOPS W/ APPROX 1275 SQ FEET FOR BOTH UNITS. 1ST UNIT IS 975 SQUARE FEET (REAR OF BUILDING) W/BAY DOORS, ELECTRIC DOOR OPENER, OFFICE / STORAGE, BATHROOM, CONCRETE FLOORS, 100 AMP SERVICE. 2ND UNIT IS APPROX 300 SQ FT, W/ GARAGE DOOR. GREAT FOR STORAGE. THIS PROPERTY HAS MANY USES AVAILABLE, BUT NOT LIMITED TO CONTRACTORS, CAR DETAIL, WINDOW TINTING, PLUMBERS, ELECTRICIANS, HVAC. GREAT SPACE FOR CONTRACTOR W/FLEET VEHICLES ETC .... THIS PROPERTY IS CENTRAL IN THE COUNTY, AND YOU CAN GET TO 90% OF ALL OF ESSEX COUNTY IN 30 MINUTES OR LESS. PLEASE CALL LBO FOR ADDITIONAL INFO AND VIEWING. THIS IS A GROSS LEASE (PLUS UTILITIES), PLUS HST. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

105,122

Households

38,245

Median income

$80,500

Median age

42.4

Daytime population

175,998

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 357 QUEEN STREET Unit# V/L + SHOP + GARAGE, Harrow.

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.