Business For Sale · Industrial

2941 Napperton DRIVE, Kerwood

2941 Napperton DRIVE, Kerwood, ON N7G3H8

$18.0M total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

87%

Year Built

2018

Clear height

21 ft

Loading docks

10

About this property

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)

Financial sandbox

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Estimate
Purchase price$18.00M
Down payment30% · $5.40M
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 2941 Napperton DRIVE, Kerwood.

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.