Business For Sale · Land

7044 SEVENTH LINE W, Chatham-Kent (Raleigh)

7044 SEVENTH LINE W, Chatham-Kent (Raleigh), ON N7M5J3

$720,000 total

—

Asset Class

Land

Size

—

Building class

A

Zoning

UR — Urban Reserve

$ / SF

—

Occupancy

100%

Lot Size

40.775 ac

About this property

Attention developers, investors and industrial users. Don't miss this rare opportunity to acquire approximately 40 acres of future industrial land strategically located near the Highway 401 corridor. The property forms part of Phase 2 of the Bloomfield Business Park, a 105 acre prestige industrial development located just south of Chatham, Ontario and planned across three phases. Well positioned for future growth, the property offers excellent access to major transportation routes along with nearby hydro infrastructure providing access to a strong power source. Zoning allows for a wide range of future uses, including truck transfer stations, automotive related operations, trucking and freight, computer systems design, food processing, manufacturing, warehousing and other industrial applications, subject to applicable municipal requirements and approvals. In the interim, the property is zoned A1 and continues to provide productive agricultural value, featuring approximately 38 workable acres of Toledo Silty Clay Loam soil, clay tile drainage and a strong yield history. An excellent opportunity to secure strategically located future industrial land with immediate agricultural use and significant future development potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$720K
Down payment30% · $216K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$42K

Annual cash flow

$2K

Cash-on-cash

1.12%

DSCR

1.06

Going-in cap

5.88%

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

107,191

Households

39,887

Median income

$112,000

Median age

34.5

Daytime population

172,214

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 7044 SEVENTH LINE W, Chatham-Kent (Raleigh).

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.