For Lease · Industrial

355 MANNING ROAD, Tecumseh

355 MANNING ROAD, Tecumseh, ON N8N4W5

$18 per sq ft / yr

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

100%

Clear height

32 ft

Loading docks

11

About this property

Excellent leasing opportunity at 355 Manning Road in the heart of Tecumseh's Manning Road corridor. This 793 sq ft unit offers strong exposure, excellent visibility and convenient access in one of the area's most established retail destinations. Surrounded by strong demographics and an established mix of neighbouring businesses, the location benefits from steady daily traffic. Ample on-site parking with pylon and signband signage available. Ideally suited for niche retail, specialty shops, office, nonprofit, commercial service or ancillary medical users. Net rent starting at $18.00/sq ft in Year 1, with annual increases of $0.50/sq ft beginning in Year 2, plus additional rent of approximately $7.86/sq ft. A terrific opportunity to secure space in a desirable Tecumseh location. (id:66811)

Financial sandbox

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Estimate
Purchase price$18
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

0.05%

DSCR

1.00

Going-in cap

5.56%

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

110,516

Households

46,390

Median income

$62,500

Median age

41.7

Daytime population

175,527

5-yr growth

7.3%

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

Secure deal room

Confidential diligence documents for 355 MANNING ROAD, Tecumseh.

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.