For Lease · Land

7 Commercial DRIVE, Craik

7 Commercial DRIVE, Craik, SK S0G0V0

Price on request

0 SF

Asset Class

Land

Size

0 SF

Building class

B

Zoning

AG — Agricultural

$ / SF

—

Occupancy

82%

Year Built

2010

Lot Size

1.4 ac

About this property

HIGHWAY 11 Commercial Frontage | Craik, SK Check out this great commercial lot for lease right next to highway 11. Landlord is splitting into two portions for a short term lease and open to having the full lot for the right tenant. This can include the sea-can in the lease. With variety of uses from R.V. parking to storage this lot has endless potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$66K

Annual cash flow

$-17K

Cash-on-cash

-3.83%

DSCR

0.79

Going-in cap

4.39%

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

90,753

Households

40,111

Median income

$103,000

Median age

44.9

Daytime population

123,065

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for 7 Commercial DRIVE, Craik.

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.