Business For Sale · Multifamily

57 & 59 PENINSULA ROAD, Marathon (TB-74)

57 & 59 PENINSULA ROAD, Marathon (TB-74), ON P0T2E0

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

86%

Lot Size

0.8 ac

About this property

***FOR LEASE***ONLY $9 psf***TRIPLE NET LEASE***PRIME MARATHON LOCATION***This 6,430 sf Commercial Property Offers 3 Commercial Units to Choose From. Starting from 1200sf to over 6,430 sf. Each Unit Can Be Individually Divided. Perfect for many Types of Business or Offices. Marathon is in the heart of a Mining Boom with Generation Mining getting ready for huge potential for Growth. ***PERFECT LOCATION FOR YOUR BUSINESS***Call Listing Agent for Details. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

145,992

Households

58,249

Median income

$108,500

Median age

34.3

Daytime population

162,611

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for 57 & 59 PENINSULA ROAD, Marathon (TB-74).

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.