Business For Sale · Industrial

38780 C HIGHWAY NO. 62 HIGHWAY, Hastings Highlands (Bangor Ward)

38780 C HIGHWAY NO. 62 HIGHWAY, Hastings Highlands (Bangor Ward), ON K0J1L0

$519,000 total

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Asset Class

Industrial

Size

—

Building class

A

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

95%

Lot Size

1.73 ac

Clear height

28 ft

Loading docks

11

About this property

An excellent opportunity to expand your investment portfolio with Combermere Self Storage, an established, income-producing storage facility situated on approximately 1.62 acres along Highway 62, just 2.7 km west of Combermere. This operating business features two storage buildings offering a total of 39 units in a variety of sizes, including fifteen 10' x 20' units, eighteen 10' x 10' units, and six 5' x 10' units, one of which is currently utilized as an office. Two additional 20-foot sea containers provide further storage capacity, while a secure, fenced outdoor storage area accommodates boats, RVs, trailers, and other recreational vehicles.Recent property improvements include new exterior LED lighting installed in 2026, landscaping and grounds maintenance, and the repositioning and elevation of the sea containers onto a newly prepared gravel foundation. The property offers convenient highway access, a spacious gravel driveway with a circular drive for easy maneuvering, and ample room for potential future expansion.With an established customer base, multiple rental income streams, and opportunities to increase revenue through available rental spaces and future development, this property offers considerable investment potential. Its convenient location serves Combermere and surrounding communities, with growing demand for storage of household belongings, seasonal equipment, recreational vehicles, and business supplies.Whether you're looking to add to an existing portfolio or enter the self-storage market, this property offers an established operation with room to grow. Any proposed expansion or additional uses are subject to verification of zoning, permitted uses, and required approvals with the Township.Financial information is available to qualified buyers upon execution of a Non-Disclosure Agreement (NDA). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$519K
Down payment30% · $156K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$30K

Annual cash flow

$2K

Cash-on-cash

0.97%

DSCR

1.05

Going-in cap

5.83%

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

126,184

Households

46,377

Median income

$93,000

Median age

45.6

Daytime population

175,118

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 38780 C HIGHWAY NO. 62 HIGHWAY, Hastings Highlands (Bangor Ward).

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.