For Lease · Land

OUTDOOR STORAGE/CEDAR FRM - 2420 PROVIDENCE LINE, Otonabee-South Monaghan

OUTDOOR STORAGE/CEDAR FRM - 2420 PROVIDENCE LINE, Otonabee-South Monaghan, ON K9J6X8

Price on request

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

88%

Lot Size

1.5 ac

About this property

Approx. 1.5-acre industrial land for lease with approx. 1,000 sq. ft. basement (including a kitchen) and one room on the ground floor (can be used as an office or bedroom), share one 4-piece bathroom with other tenants, get free tens of thousands cedar trees for harvest, also good for outdoor storage etc various commercial/inustrial use. 400 amp & 220 volt hydro. Paved municipal road frontage. About 20 mins drive to Peterborough and 1.5 hrs to the GTA. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

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

49,858

Households

18,276

Median income

$127,000

Median age

35

Daytime population

55,159

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for OUTDOOR STORAGE/CEDAR FRM - 2420 PROVIDENCE LINE, Otonabee-South Monaghan.

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.