


1/42941 Napperton DRIVE, Kerwood, ON N7G3H8
$18.0M total
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Asset Class
Industrial
Size
—
Building class
A
Zoning
IL — Light Industrial
$ / SF
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Occupancy
87%
Year Built
2018
Clear height
21 ft
Loading docks
10
This facility was designed specifically for cannabis cultivation in 2019. Measuring in at approximately 20 acres or (1,000,000 (One Million) square feet) of indoor growing space. Presently, the primary use of the facility is for the cultivation of gourmet produce. The investments made in crop lighting, black-out curtains and on-site security fencing give this complex an advantage over a single-purpose-build operation constructed specifically for gourmet produce. This complex was built for publicly traded company, which had a mandate to achieve the highest stardard of growing technologies, health and security measures for it's former use of cannabis cultivation, storage, packaging and shipping. Those standards were scrutinized and overseen by the federal government and various governing bodies. This opportunity is being marketed well below the initial investment cost to build this complex. The custom-designed facility emphasizes attributes to increase air circulation, control humidity, and optimize the focus on sun-grown plants. With airflow in mind, the roof venting features full butterfly roofs which open like giant butterfly-wing vents. Beyond the butterfly venting, additional features include a boiler system that drives environmental controls. A water reclamation system reclaims, treats, and recirculates excess water from a four-zone fertigation system. Carbon dioxide captured from the boilers enriches plants with CO2. This opportunity is ideal for farmers and/or investors in the commercial Greenhouse growing industry. (id:66811)
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Monthly debt service
$83K
Projected NOI
$1.02M
Annual cash flow
$24K
Cash-on-cash
0.45%
DSCR
1.02
Going-in cap
5.68%
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
115,289
Households
45,571
Median income
$89,500
Median age
42.9
Daytime population
190,530
5-yr growth
8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 2941 Napperton DRIVE, Kerwood.
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.