For Lease · Industrial

33 Princess STREET, Leamington

33 Princess STREET, Leamington, ON N8H5C5

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IL — Light Industrial

$ / SF

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Occupancy

89%

Clear height

34 ft

Loading docks

11

About this property

Prime professional offices for lease in downtown Leamington. Private 12' x 12' suites on the 5th floor in a well-maintained 5-storey professional building. All-inclusive gross rent includes utilities, property taxes and maintenance. Two elevators and nearby municipal parking. Leasing incentive: sign a 14-month lease and receive the final 2 months FREE, plus a $600 advertising budget. Ideal for legal, financial or other professional use. (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

77,146

Households

30,190

Median income

$101,000

Median age

31.4

Daytime population

81,300

5-yr growth

9.2%

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

Secure deal room

Confidential diligence documents for 33 Princess STREET, Leamington.

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.