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For Lease · Industrial

35 ERIN PARK DRIVE, Erin

35 ERIN PARK DRIVE, Erin, ON N0B1T0

$26 per sq ft / yr

5,853 SF

Asset Class

Industrial

Size

5,853 SF

Building class

Zoning

IM — Medium Industrial

$ / SF

Occupancy

92%

Clear height

34 ft

Loading docks

About this property

Extremely Rare Erin Park Industrial Shop with easy access to major highways. Minutes from 410. 1.15-acre lot, 5853 sqft freestanding building with 792 sqft mezzanine that has an additional three offices and a washroom. Perfect for construction companies, contractors' facility, bulk storage, industrial use, manufacturing and more. Zoning M2 - outdoor storage permitted. Offers open storage area, transport depot, and warehouse space. Well-suited for outside display/sales area or small trucking companies. Easy access and high visibility ensure exposure for any business. Features two 14x14 drive-in doors, one 10x10 drive-in door, and two gated entrances. The yard is fully fenced for added security, an alarm system for the building and a surveillance system with cameras (tenant responsible for monitoring company). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$26

Down payment30% · $8

Interest rate6.25%

Amortization25 years

Occupancy92%

Expense growth2.5%

Monthly debt service

Projected NOI

Annual cash flow

Cash-on-cash

3.77%

DSCR

1.20

Going-in cap

6.67%

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.

Rent roll (estimated)

Tenant	Suite	Area	Rent / SF	Expiry
Prairie Coffee Roasters	170	3,430 SF	$12.70	2031-10
Prairie Coffee Roasters	170	1,246 SF	$12.82	2031-10
Prairie Coffee Roasters	170	446 SF	$12.94	2031-10
Prairie Coffee Roasters	170	400 SF	$13.06	2031-10

Area demographics

Trade area within 3 miles of the property.

Population

56,806

Households

23,585

Median income

$68,000

Median age

Daytime population

54,789

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for 35 ERIN PARK DRIVE, Erin.

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.