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For Lease · Industrial

7 - 278 COOK STREET, Meaford

7 - 278 COOK STREET, Meaford, ON N4L1H4

$10 per sq ft / yr

4,800 SF

Asset Class

Industrial

Size

4,800 SF

Building class

B

Zoning

IB — Industrial Business

$ / SF

$0

Occupancy

89%

Clear height

35 ft

Loading docks

1

About this property

TMI & UTILITIES INCLUDED! This versatile 4,800 SF industrial/commercial unit offers 3-phase power and would be the perfect space for carpentry, cabinet making, etc. The warehouse includes 12-foot clearance and is fully sprinklered, with a wide rolling access door and a separate man door. Plumbing with a slop sink allows for the opportunity to have a wash station, kitchen space or staff room. Additional features include shared washroom facilities, a shared loading dock, and drive-in door access. This unit is adjacent to two other large units which could be combined to create over 10,000 SF of space with private loading docks. The entire building has been upgraded with a new roof, new LED lighting, new heating systems and other major capital improvements. The lease rate is ALL-INCLUSIVE, covering heat, hydro, snow removal, TMI, and all utilities, except power usage beyond 110V. Current zoning allows for mixed commercial, retail, and light industrial uses, please inquire for details on specific uses. Centrally located in Meaford, this unit is just one block from the main highway access point off Highway 26, offering easy access for shipping, deliveries, and customer traffic. Meaford is a vibrant and growing community, making it an ideal location for new businesses and employment opportunities. Several other spaces are available in this versatile building. Some units can be combined or divided to suit your needs, please reach out for details! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$10
Down payment30% · $3
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

11.20%

DSCR

1.61

Going-in cap

8.90%

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.

Rent roll (estimated)

TenantAreaExpiry
Northbridge Logistics1,709 SF2033-09
Meridian Health Group2,558 SF2033-09

Area demographics

Trade area within 3 miles of the property.

Population

72,123

Households

31,511

Median income

$129,500

Median age

35.5

Daytime population

89,603

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for 7 - 278 COOK STREET, Meaford.

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.