For Lease · Retail

607 BLOOMFIELD ROAD, Chatham-Kent (Chatham)

607 BLOOMFIELD ROAD, Chatham-Kent (Chatham), ON N7M5J5

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

83%

Lot Size

1600 ac

About this property

*** Additional Listing Details - Click Brochure Link *** Commercial Garage And Yard Space Available For Lease At 607 Bloomfield Road In Chatham. The Available Space Includes A Large Detached Garage/Shop Suitable For Storage, Trades, Equipment, Vehicles, Contractors, Or Other Commercial Uses. The Building Is Roughed-In To Allow For The Installation Of A Bathroom If Required, Giving A Tenant Flexibility To Tailor The Space To Their Operational Needs. Additional Grass/Yard Area Surrounding The Garage May Also Be Made Available For Outdoor Storage, Equipment, Trailers, Vehicles, Or Additional Operating Space. For The Right Tenant And Lease Commitment, The Landlord Is Willing To Consider Additional Site Improvements, Including Adding Gravel Or Asphalt To Designated Outdoor Areas To Better Accommodate Parking, Vehicle Access, Equipment Storage, Or Operational Requirements. Key Features Include: Large Detached Garage / Shop Space Flexible Commercial Or Storage Use Bathroom Installation Can Be Accommodated If Required Additional Outdoor Grass/Yard Area Available Potential For Additional Parking Or Storage Area Gravel Or Asphalt Improvements Negotiable For The Right Lease Convenient Chatham Location With Good Vehicle And Equipment Access Lease Terms And Amount Of Outdoor Space Can Be Customized Depending On Tenant Requirements Ideal For Contractors, Trades, Landscaping Companies, Equipment Storage, Vehicle Storage, Service Businesses, Small Fleet Operations, Or Businesses Requiring Both Indoor Shop Space And Outdoor Yard Space. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

89,025

Households

41,534

Median income

$109,000

Median age

45.8

Daytime population

142,666

5-yr growth

6.8%

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

Secure deal room

Confidential diligence documents for 607 BLOOMFIELD ROAD, Chatham-Kent (Chatham).

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.