Business For Sale · Industrial

55 Harbour Drive, Edwardsville

55 Harbour Drive, Edwardsville, NS B2A4S6

$1.5M total

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IB — Industrial Business

$ / SF

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Occupancy

84%

Year Built

1940

Lot Size

2.6416 ac

Clear height

30 ft

Loading docks

2

About this property

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)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 55 Harbour Drive, Edwardsville.

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.