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$1.5M total
—
Asset Class
Industrial
Size
—
Building class
B
Zoning
IB — Industrial Business
$ / SF
—
Occupancy
84%
Year Built
1940
Lot Size
2.6416 ac
Clear height
30 ft
Loading docks
2
55 Harbour Drive presents an exceptional opportunity to acquire a highly stable and diversified commercial investment asset. Located within the business-friendly Sydport Industrial Park, the property features a well-maintained 9,840 square foot industrial facility situated on a 2.64 acre lot. Combining functional industrial space with a strategic location, the property is well suited for a variety of industrial and commercial uses while offering flexibility for future growth, development, or business expansion. The property comes with two reliable, established commercial tenants already in place, making it the perfect buy and hold scenario for an investor looking for immediate, multi-stream rental income and outstanding long-term land value from day one. This substantial industrial building is a durable, highly functional warehouse and commercial structure featuring elevated dock-high loading doors for efficient transport truck access, solid concrete flooring, and flexible interior spacing that perfectly accommodates the building's current operations. Outside, the 2.64 acre parcel of land provides rare outdoor layout flexibility, extensive vehicle parking and comfortable turning radiuses for transport trucks. Strategically located inside one of Cape Breton's premier logistics and transit hubs, Sydport Industrial Park offers quick, efficient transit connections to the Highway 125 corridor, major marine shipping routes, and downtown Sydney. This is your chance to add a reliable, multi-stream revenue generator to your portfolio allowing you to enjoy immediate, hassle-free cash flow while securing valuable, scalable acreage. To accommodate the ideal acquisition structure and financial needs of the buyer, the ownership is open to executing either an asset sale or a share sale and is further willing to consider a Vendor Take-Back mortgage as part of the transaction if required. An NDA will be required before any financial information is provided. (id:66811)
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Monthly debt service
$7K
Projected NOI
$58K
Annual cash flow
$-25K
Cash-on-cash
-5.47%
DSCR
0.70
Going-in cap
3.90%
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.
Trade area within 3 miles of the property.
Population
86,048
Households
30,733
Median income
$104,500
Median age
33
Daytime population
107,663
5-yr growth
6.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 55 Harbour Drive, Edwardsville.
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.