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Business For Sale · Industrial

205 GARAFRAXA STREET, Chatsworth

205 GARAFRAXA STREET, Chatsworth, ON N0H1G0

$1.6M total

—

Asset Class

Industrial

Size

—

Building class

C

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

85%

Clear height

34 ft

Loading docks

9

About this property

A standout commercial opportunity in the heart of Chatsworth, offering approximately 12,200 sq. ft. of versatile space with excellent exposure along Highway 6. Designed to accommodate a wide range of commercial or industrial uses, this freestanding building offers an impressive combination of shop, showroom and office space together with approximately 55 parking spaces. The expansive shop area features approximately 16-foot clear height and six drive-in level bay doors, providing excellent accessibility and functionality. Approximately 1,300 sq. ft. of retail/showroom space offers a welcoming customer-facing area, while approximately 1,280 sq. ft. of upper-level office space provides room to keep operations organized and separate from the main work areas. Natural gas radiant heating services the garage areas, with separate forced-air heating and air conditioning in the office and showroom. Additional features include municipal water and prominent signage opportunities along well-travelled Highway 6. Previous improvements include a newer front portion of the building, metal roof, windows and doors, along with septic and washroom updates. Conveniently located approximately 14 minutes from Owen Sound and offering strong visibility, generous parking and substantial square footage, this is an excellent opportunity for an owner-user, investor or growing operation looking for a highly functional commercial property in Grey County. Sale includes the land and building only. The existing business is not included. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.65M
Down payment30% · $495K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$70K

Annual cash flow

$-21K

Cash-on-cash

-4.30%

DSCR

0.77

Going-in cap

4.25%

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

95,076

Households

41,215

Median income

$116,500

Median age

32.2

Daytime population

160,285

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for 205 GARAFRAXA STREET, Chatsworth.

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.