For Sale · Retail

927 2ND AVENUE E, Owen Sound

927 2ND AVENUE E, Owen Sound, ON N4K2H5

Price on request

2,400 SF

Asset Class

Retail

Size

2,400 SF

Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

95%

About this property

Prime downtown location for retail or offices. 2300 sq. ft. Large windowed store front, signage and 2 parking spaces. Heated by a gas furnace. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.2,287 SF2032-10

Area demographics

Trade area within 3 miles of the property.

Population

86,528

Households

32,936

Median income

$84,500

Median age

40.9

Daytime population

114,657

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 927 2ND AVENUE E, Owen Sound.

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.