For Lease · Hospitality

1101 DIPIETRO Street, Fort Erie

1101 DIPIETRO Street, Fort Erie, ON L2A4J4

$13 per sq ft / yr

12,486 SF

Asset Class

Hospitality

Size

12,486 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$0

Occupancy

86%

Lot Size

1.126 ac

About this property

2 buildings sitting on 1.126 Acres. The first building is 8,446 sf (single level). The second building is 4,040 sf (single level). Suitable for commercial, conference hall, or community center. The property offers plenty of parking and is located just off of Garrison Rd. Net lease - Additional rent/TMI will be calculated at the time of drafting of lease agreement and will be in addition to the net rent. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$13
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

3.58%

DSCR

1.19

Going-in cap

6.62%

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
Summit Trades Supply4,068 SF2034-05
Summit Trades Supply2,520 SF2034-05
Summit Trades Supply4,175 SF2034-05

Area demographics

Trade area within 3 miles of the property.

Population

90,341

Households

35,576

Median income

$122,000

Median age

37

Daytime population

90,270

5-yr growth

4.7%

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

Secure deal room

Confidential diligence documents for 1101 DIPIETRO Street, Fort Erie.

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.