Business For Sale · Industrial

18060 GLEN ROAD, South Glengarry

18060 GLEN ROAD, South Glengarry, ON K0C1J0

Price on request

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Asset Class

Industrial

Size

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Building class

B

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

98%

Lot Size

9.2 ac

Clear height

31 ft

Loading docks

11

About this property

This property is For Lease. There are some 9.2 acres in total. The Landlord is prepared to subdivide the area under lease to several tenants. The main site is under contract now and the property is improved with an approximately 4, 400 sq ft service bay building and a separate 1,350 sq ft of office area with 2 washrooms. The office area is airconditioned, has baseboard elect heat and two washrooms. Site is serviced with well and septic system. The Service garage is not air conditioned but has propane heat. Ceiling height in the service area is approximately 18 ft and there are two grade level doors, one at each end of the Building for flow through travel. Property is tenanted at present. Visits by preapproved appointment only (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

129,602

Households

59,289

Median income

$90,000

Median age

42.7

Daytime population

199,937

5-yr growth

8.9%

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

Secure deal room

Confidential diligence documents for 18060 GLEN ROAD, South Glengarry.

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.