For Lease · Land

1650 20TH STREET E, Owen Sound

1650 20TH STREET E, Owen Sound, ON N4K5N3

Price on request

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

84%

Lot Size

1.38 ac

About this property

Opportunity to lease 1.38 acres of Prime Outside Storage Land with Excellent Exposure. Located directly on 20th Street East, just east of 16th Avenue in Owen Sound. Site is graveled and secured with gates and chain link fence. Long Term Lease Available. Power Available. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

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

76,967

Households

33,168

Median income

$108,500

Median age

33.8

Daytime population

99,684

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 1650 20TH STREET E, Owen Sound.

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.