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$799,900 total
—
Asset Class
Industrial
Size
—
Building class
B
Zoning
IM — Medium Industrial
$ / SF
—
Occupancy
98%
Year Built
1997
Clear height
23 ft
Loading docks
6
Excellent commercial/industrial opportunity located in the southeast section of the city, conveniently situated off a major thoroughfare with excellent access and strong traffic exposure. This approximately 12,000 sq. ft. building is situated on 1.13 acres and is in an excellent state of repair. The property features well-appointed front offices, multiple finished offices, a boardroom and high-end finishes, including vinyl flooring. The rear of the building provides a functional work area, along with multiple roll-up doors. The building features approximately 12-foot ceilings, concrete floors, metal-clad siding and a metal roof. The interior layout offers excellent flexibility, with the space capable of being divided into separate areas and several entry points providing convenient access to different sections of the building. The property also includes a securely fenced yard, providing added security and excellent functionality for loading, storage and commercial operations. A well-maintained and versatile property offering quality office space, functional work areas and excellent industrial infrastructure in a highly accessible location. Property is to be sold in a ""AS IS "" condition. All offers are to contain a 48 hour irrevocable time. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$53K
Annual cash flow
$9K
Cash-on-cash
3.62%
DSCR
1.20
Going-in cap
6.63%
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.
Trade area within 3 miles of the property.
Population
120,411
Households
55,836
Median income
$124,500
Median age
33.1
Daytime population
196,613
5-yr growth
4.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 15 MAPLE LEAF DRIVE, Chatham.
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.