For Sale · Industrial

720 CABELL STREET, London East (East L)

720 CABELL STREET, London East (East L), ON N5Z1P7

$1.3M total

14,455.92 SF

Asset Class

Industrial

Size

14,455.92 SF

Building class

B

Zoning

IB — Industrial Business

$ / SF

$90

Occupancy

85%

Clear height

35 ft

Loading docks

7

About this property

Unlock the full potential of this prime commercial property located in East London. Sitting on a generous lot, 720 Cabell Street offers investors and developers a rare opportunity to capitalize on strong market demand for storage, service, and light-industrial space. Currently being used as a Mini Storage facility and a few office on the main floor . When you buy the building you can continue with the Mini storage or change the use. Permitted Uses Under LI1 (Light Industrial 1)In the LI1 variation, the following uses are expressly permitted (subject to compliance with the by-law's general provisions, regulations, setbacks, etc.): City of London a) Bakeries b) Business service establishments c) Laboratories d) Manufacturing and assembly industries e) Offices supportf) Paper and allied products industries (excluding pulp and paper, asphalt roofing) g) Pharmaceutical and medical product industries h) Printing, reproduction and data processing industries i) Research and development establishments j) Warehouse establishment k) Wholesale establishments l) Custom workshop m) Brewing on premises establishments n) Service trades o) Existing self-storage establishments (i.e. those already in place under certain conditions) p) Artisan workshop q) Craft brewery (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.30M
Down payment30% · $390K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$67K

Annual cash flow

$-5K

Cash-on-cash

-1.20%

DSCR

0.93

Going-in cap

5.18%

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
Lakeview Physiotherapy12,288 SF2031-04

Area demographics

Trade area within 3 miles of the property.

Population

84,016

Households

29,254

Median income

$83,000

Median age

41.6

Daytime population

124,349

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 720 CABELL STREET, London East (East L).

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.