For Lease · Industrial

13 - 40 PIPPIN ROAD, Vaughan (Concord)

13 - 40 PIPPIN ROAD, Vaughan (Concord), ON L4K4M6

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IB — Industrial Business

$ / SF

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Occupancy

88%

Clear height

36 ft

Loading docks

14

About this property

Prime Vaughan Commercial/Industrial Leasing Opportunity with convenient access to highways 400, 407 and Hwy 7 and minutes to Vaughan Subway. This versatile unit offers approximately 1,646 sq. ft. of total space which includes a 400 sqft mezzanine/storage providing a highly functional layout for a variety of permitted uses. Featuring two professiona offices, a warehouse with 18ft clear ceiling hight, and a drive-in door for convenient loading and unloading makes this an excellent opportunity for any business looking for a well located and well managed facility in Vaughan Excellent location with convenient access to Highways 400, 407 and Highway 7, providing efficient connectivity throughout Vaughan and the GTA. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

76,929

Households

34,859

Median income

$100,000

Median age

42.5

Daytime population

72,699

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 13 - 40 PIPPIN ROAD, Vaughan (Concord).

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.