Business For Sale · Industrial

17 Narrows Road, Frasers Mountain

17 Narrows Road, Frasers Mountain, NS B2H5C4

$225,000 total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IL — Light Industrial

$ / SF

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Occupancy

83%

Lot Size

0.98 ac

Clear height

34 ft

Loading docks

5

About this property

Unlock Your Investment Potential with a Prime Storage Unit Business! Are you ready to step into a lucrative investment opportunity? Look no further! We present to you a thriving storage unit business featuring 24 units, strategically located on almost an acre of land just minutes from New Glasgow! 8 new units were added two years ago. With a solid client base, some that have remained loyal for approximately 10 years, this business boasts an impressive regular 80-100% occupancy rate, ensuring a steady stream of income. The diverse range of unit sizes caters to various needs, making it a go-to solution for both individual and commercial clients. With storage demand on the rise, theres significant room for increased revenue.Whether youre an entrepreneur looking to make your mark or an investor seeking a reliable asset, this opportunity is too good to pass up. Established client relationships and consistent occupancy levels mean youre stepping into a business with strong fundamentals. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$225K
Down payment30% · $68K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$12K

Annual cash flow

$-471

Cash-on-cash

-0.70%

DSCR

0.96

Going-in cap

5.33%

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

71,251

Households

30,904

Median income

$116,500

Median age

35.2

Daytime population

117,233

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 17 Narrows Road, Frasers Mountain.

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.