Business For Sale · Industrial

113376 GREY RD 3, West Grey

113376 GREY RD 3, West Grey, ON N4N3B8

$1.1M total

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Asset Class

Industrial

Size

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Building class

B

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

88%

Lot Size

10.75 ac

Clear height

34 ft

Loading docks

5

About this property

PRIME INDUSTRIAL / COMMERCIAL PROPERTY FOR SALE - WEST GREY, ONTARIO! Over 10 Acres of Opportunity with excellent M3-85 industrial zoning! Looking for the perfect location to grow your business, expand your operations, or invest in industrial real estate or even start up a sawmill? Situated on a paved road, just minutes from Hanover, this property offers excellent accessibility and functionality for a wide variety of commercial and industrial operations. Property highlights include over 10 acres of industrial-zoned land (M3-85), fenced and gated, controlled entrance for added security and privacy. Level gravel yard ideal for trailer parking, storage, staging, 40' x 100' open-span steel I-beam building with durable concrete floor and large 14' x 12' x 18' roll-up door. Additional 20' x 30' office/workshop area with concrete floors 12' x 9' roll-up door. Impressive list of permitted uses offering excellent business flexibility and low property taxes. Take advantage of the rural industrial setting with convenient access to Hanover and surrounding communities. Whether you're looking for transportation and logistics space, warehousing, industrial operations, equipment storage, sawmill or a location to establish your next business venture, this property deserves your attention. MAKE WEST GREY THE RIGHT MOVE FOR YOUR COMMERCIAL OR INDUSTRIAL NEEDS! Opportunities offering this much land, zoning flexibility, building space, and functionality are hard to find. make the move TODAY! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.07M
Down payment30% · $323K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$61K

Annual cash flow

$2K

Cash-on-cash

0.47%

DSCR

1.03

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

129,547

Households

50,232

Median income

$112,000

Median age

31.5

Daytime population

158,678

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for 113376 GREY RD 3, West Grey.

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.