Business For Sale · Industrial

60 VANEDWARD DRIVE Unit# 2, Port Perry

60 VANEDWARD DRIVE Unit# 2, Port Perry, ON L9L1G3

$699,000 total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

99%

Year Built

1991

Clear height

26 ft

Loading docks

8

About this property

Click ""More Info"" on the Realtor.ca listing to contact the seller directly. The seller handles all showings and negotiations. LBO provides the Realtor.ca listing service only. Stop leasing, start building equity in your own property. Three (3) units available, One Prime front-facing commercial condominium offering over 1,450 sq. ft. in an established all-brick commercial development at 60 Vanedward Drive. Formerly occupied as an Ontario Ministry office, the unit is currently configured with a large reception area, multiple private offices, boardroom, large entrance vestibule and washroom. A modular/moveable wall system provides excellent flexibility for a new owner to reconfigure the space as business needs change. M1 Prestige Industrial zoning permits a broad range of business, professional (Massage Therapy, Chiropractic etc.), office and other commercial/industrial uses. The unit includes 3 dedicated parking spaces plus ample visitor parking. All lighting fixtures have been upgraded to modern LED. . An excellent owner-occupier opportunity for an established or growing business looking to control its own location and build equity. Contact the seller directly for all inquiries, showings, offers, and additional information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$46K

Annual cash flow

$7K

Cash-on-cash

3.29%

DSCR

1.18

Going-in cap

6.53%

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

126,526

Households

55,648

Median income

$92,500

Median age

45.7

Daytime population

142,332

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 60 VANEDWARD DRIVE Unit# 2, Port Perry.

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.