Business For Sale · Land

25348 NAIRN ROAD, Middlesex Centre

25348 NAIRN ROAD, Middlesex Centre, ON N0M1P0

$1.6M total

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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

89%

Lot Size

49.15 ac

About this property

Rare find! 49 acre farm just northwest of London with 31 farmable acres systematically tiled which has been rented to the same farmer for over 15 years with annual rent exceeding property taxes! Additional rent is available from the permitted field sign with two sides visible to the road. Beautiful country setting with gorgeous panoramic farmland views with meadows and woods. Creek meanders through property. 24' x 32' shop. 3+1 bedroom ranch style family home shows very well and lower level is fully finished with walkout. Oversize 2 car attached garage. Call quickly as this one won't last! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.60M
Down payment30% · $480K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$57K

Annual cash flow

$-32K

Cash-on-cash

-6.64%

DSCR

0.64

Going-in cap

3.55%

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

42,139

Households

17,638

Median income

$101,000

Median age

45.1

Daytime population

70,791

5-yr growth

8%

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

Secure deal room

Confidential diligence documents for 25348 NAIRN ROAD, Middlesex Centre.

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.