For Lease · Land

652 LAWRENCE Road Unit# West Portion, Hamilton

652 LAWRENCE Road Unit# West Portion, Hamilton, ON L8K1Z5

Price on request

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

94%

About this property

This land is available for lease. It's an empty space along Lawrence Road, situated in a busy area with high visibility. The property can be used for broad commercial usage, storage, logistics, property maintenance, landscaping companies etc. It's very close to Brock University Campus, which is set to undergo redevelopment soon. The location is densely populated and surrounded by multi-residential buildings. Contact Listing Agent for more details. The entire property can be leased for a total $5,000 + HST. This is the West Portion of 652 Lawrence Rd. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

124,166

Households

44,158

Median income

$78,500

Median age

39.7

Daytime population

157,512

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for 652 LAWRENCE Road Unit# West Portion, Hamilton.

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.