For Sale · Industrial

B - 1900 FISHER DRIVE, Peterborough (Otonabee Ward 1)

B - 1900 FISHER DRIVE, Peterborough (Otonabee Ward 1), ON K9J6X6

Price on request

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Asset Class

Industrial

Size

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Building class

B

Zoning

IL — Light Industrial

$ / SF

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Occupancy

84%

Lot Size

4.49 ac

Clear height

35 ft

Loading docks

13

About this property

This property is located in the most sought after industrial park in the City of Peterborough. Major Bennett Industrial Park is located next to Hwy.115 and Hwy no.7 East. The property is 4.5 acres in size with a 25,500 sq. ft. building. The building was purpose built as an industrial office building for Luftansa Airline. It is currently completely finished as an industrial office, however landlord will renovate building into 5,000-20,000 sq. ft. units fitted to tenants needs. Space would be perfect for shipping and receiving, wholesale, light manufacturing and many other uses. Please see zoning bylaw permitted uses listed under documents. TMI is approximately $6.00/sq. ft. for first year and will be adjusted annually based upon accountants review. Tenants pay own utilities. Zoning bylaw permitted uses, site plan and floor plan are available. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

89,674

Households

38,895

Median income

$110,000

Median age

31.6

Daytime population

81,823

5-yr growth

5.4%

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

Secure deal room

Confidential diligence documents for B - 1900 FISHER DRIVE, Peterborough (Otonabee Ward 1).

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.