For Lease · Industrial

146 Wellington STREET West Unit# Unit 2&3, Chatham

146 Wellington STREET West Unit# Unit 2&3, Chatham, ON N7M1J3

$15 per sq ft / yr

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IB — Industrial Business

$ / SF

—

Occupancy

86%

Clear height

35 ft

Loading docks

8

About this property

Prime Downtown Chatham Commercial Space for Lease. Exceptional opportunity to lease approximately 4,600 sq. ft. of premium office and retail space in the heart of downtown Chatham. Situated on a prominent high-visibility corner, this impressive commercial property offers outstanding exposure, excellent street presence, and convenient access to shopping, restaurants, professional services, and municipal parking. Completely renovated in 2020, this bright, modern space showcases an attractive industrial design with expansive windows, high ceilings, and a flexible layout designed to accommodate a variety of commercial uses. The main level (approximately 1,300 sq. ft.) features a professional reception area, private office, boardroom, accessible washroom and open workspace. The second level (approximately 3,200 sq. ft.) offers nine private offices, multiple open area, two washrooms, and ample room for collaborative workstations, meeting areas, or client services. Perfect for professional offices, legal or accounting firms, medical or wellness clinics, creative agencies, education or training centres, boutique retail, or other commercial enterprises seeking a turnkey downtown location. The landlord may consider leasing the upper and lower levels separately to accommodate a variety of business requirements. Lease rate is $15.00 per sq. ft. Triple Net (TNN), with tenants responsible for property taxes, utilities, insurance, and HVAC maintenance. A minimum five-year lease preferred. Municipal parking is located immediately beside the building, with both metered and permit parking options available for staff and clients. An outstanding opportunity to establish or expand your business in one of downtown Chatham’s most visible and accessible commercial locations. Call today to set a showing. (id:66811)

Financial sandbox

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Estimate
Purchase price$15
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

0.64%

DSCR

1.03

Going-in cap

5.73%

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

105,694

Households

39,757

Median income

$128,500

Median age

37.6

Daytime population

99,513

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 146 Wellington STREET West Unit# Unit 2&3, Chatham.

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.