Business For Sale · Industrial

633 Lorne Street Unit# 106, Sudbury

633 Lorne Street Unit# 106, Sudbury, ON P3C4R3

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

89%

Clear height

35 ft

Loading docks

8

About this property

1,240 SF warehouse/garage bay available at 633 Lorne Street, offering excellent access and flexibility for a variety of commercial, trades, storage, and service uses. The space features a 12' x 12' overhead garage door, vinyl plank flooring in the rear area, and access to a common area washroom. Additional space can be created by combining the unit with Unit 107, providing an additional 2,288 SF of warehouse space, or Unit 201, offering second-floor office space. Conveniently located on Lorne Street with easy access to Highway 17, the Maley Drive Extension, and West End Business Park, with parking available at both the front and rear of the property and access from Lorne Street and Cressey Street. Offered at $16.00/SF net plus $8.53/SF additional rent, approx. $2,534.77 + HST per month. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

91,907

Households

33,061

Median income

$127,500

Median age

37.5

Daytime population

128,842

5-yr growth

8.5%

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

Secure deal room

Confidential diligence documents for 633 Lorne Street Unit# 106, Sudbury.

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.