For Sale · Industrial

13 ALMA STREET N, Haldimand

13 ALMA STREET N, Haldimand, ON L0A1H0

$559,900 total

—

Asset Class

Industrial

Size

—

Building class

A

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

89%

Clear height

30 ft

Loading docks

3

About this property

Exceptional opportunity to own a spacious 5,095 sq. ft. single-level commercial building in a desirable, high-traffic Hagersville location. Currently leasing? Not only could you be paying less than $10/sqft compared to a regular lease, you will be paying off your OWN building! The current open-span design makes it easy and cost-effective to customize the space with partition walls to suit a wide range of businesses. A suspended ceiling provides convenient access for networking, electrical and other services. There are three washrooms-two public and one staff-as well as an accessible main entrance with a vestibule and push-button automatic door openers. Parking is available at the rear, with plenty of additional street parking in front of and around the property. Flexible zoning allows for many potential uses, from a physiotherapy, massage or wellness clinic to a spacious professional office or business headquarters. Located in the growing community of Hagersville, close to numerous amenities and the local hospital, with significant daily traffic passing through town. An excellent opportunity for a business owner currently leasing who would prefer to invest in and pay down their own property. A substantial building offering outstanding space, flexibility and value compared with today's replacement costs. Some photos have been edited/staged to show potential uses/opportunities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$560K
Down payment30% · $168K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$30K

Annual cash flow

$-1K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.33%

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

73,549

Households

25,687

Median income

$66,000

Median age

40.7

Daytime population

77,353

5-yr growth

4%

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

Secure deal room

Confidential diligence documents for 13 ALMA STREET N, Haldimand.

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.