For Sale · Industrial

1145 ERIE STREET East, Windsor

1145 ERIE STREET East, Windsor, ON N9A3Z4

$397,500 total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IL — Light Industrial

$ / SF

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Occupancy

87%

Clear height

25 ft

Loading docks

13

About this property

Exceptional investment opportunity in the heart of Windsor's vibrant Erie Street corridor. This freestanding commercial building offers versatile office and retail space with excellent visibility in a high-traffic location. Long term professional tenant in place on a net lease; this solid investment offers a 5.6% cap rate! This fully renovated property features a functional layout with welcoming reception, modern finishes, boardroom, kitchenette, four private offices, finished basement, 2 baths, abundant natural light, window display frontage, alarm system, forced air heating and central air (AC 2025). Situated on a fenced lot with on-site parking for four vehicles, this property provides convenient access to public transit, shopping, and surrounding amenities. Zoned CD1.3, allowing for a variety of commercial uses. Offered with building and land included. Immediate possession available, making this an ideal opportunity for investors looking to build their portfolio in one of Windsor's most recognizable commercial districts. Buyer to verify all information including zoning and permitted uses. (id:66811)

Financial sandbox

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Estimate
Purchase price$398K
Down payment30% · $119K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$22K

Annual cash flow

$210

Cash-on-cash

0.18%

DSCR

1.01

Going-in cap

5.59%

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

48,761

Households

17,732

Median income

$112,000

Median age

31.6

Daytime population

59,649

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 1145 ERIE STREET East, Windsor.

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.