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For Sale · Industrial

8 - 120 NORFINCH DRIVE, Toronto (Black Creek)

8 - 120 NORFINCH DRIVE, Toronto (Black Creek), ON M3N1X3

$1.4M total

—

Asset Class

Industrial

Size

—

Building class

C

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

93%

Clear height

24 ft

Loading docks

3

About this property

Excellent Location, very well-maintained new industrial unit, totally updated, interior & exterior, new finishings, New Office &Showroom Area with Washroom, Mezzanaine for extra storage, located in a high-demand area, Employment Corridor, Zoned Industrial (E1), allowing a broad range of permitted uses such as: Factory & Manufacturing, E-Commerce, Automotive service& Repair, Kitchen Cabinet manufacturing, Warehousing, carpenter shop, Dry Cleaning, Kennel, Laboratory, Arts Studio, Printing Shop, software development & data processing, wholesale, HVAC, Plumbing & Building Supply Store, etc. Truck-level shipping door (8' x 10'), High Power (100 amps, 600 volts), 18' Clear Height, Public Transit on doorsteps, easily accessible to major roads and Highways (400, 407 & 401). Very close to the subway (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.45M
Down payment30% · $435K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-7K

Cash-on-cash

-1.55%

DSCR

0.92

Going-in cap

5.08%

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

134,317

Households

53,697

Median income

$108,000

Median age

35.8

Daytime population

168,640

5-yr growth

6.3%

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

Secure deal room

Confidential diligence documents for 8 - 120 NORFINCH DRIVE, Toronto (Black Creek).

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.