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Price on request
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Asset Class
Land
Size
—
Building class
C
Zoning
AG — Agricultural
$ / SF
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Occupancy
92%
150,000 Sq. Ft. Glass Greenhouses for Lease – Niagara-on-the-Lake Located in prestigious Niagara-on-the-Lake, these state-of-the-art glass greenhouses offer approximately 150,000 sq. ft. of growing space and are available for lease. Ideal for cultivating flowers, vegetables, strawberries, or a wide variety of other crops, the facility is designed for efficient year-round, 24/7 production. Features include: •Advanced greenhouse design •Automated micro-climate control system •3-phase electrical power •Three gas-fired boilers •Two truck loading docks •Spacious packing area •Storage barn •Staff lunchroom •Fully functional office space Lease Rate: $2.00 per sq. ft. per year, plus utilities. Additional Storage Facility Available: A large barn/storage building measuring 120 ft. x 40 ft. with a 16-ft. ceiling height is also available for lease at $5.00 per sq. ft. per year. You just pay rent and No Taxes (property taxes), Maintenance (common area maintenance/CAM), Insurance (TMI) fees. Accommodation ( 5 minus drive from the site) : A 4-bedroom house is available for lease at $2,600 per month, providing convenient accommodation for greenhouse operators or staff. Minimum Lease Term: One year. Don't miss this exceptional opportunity to establish or expand your agricultural operation in one of Ontario's premier growing regions. Application Requirements Applicants must provide: •Completed rental application •Credit and financial verification •Employment letter and recent pay stubs, or other proof of income •References Only qualified applicants will be considered. (id:66811)
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Monthly debt service
$7K
Projected NOI
$79K
Annual cash flow
$-4K
Cash-on-cash
-0.97%
DSCR
0.95
Going-in cap
5.25%
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.
Trade area within 3 miles of the property.
Population
65,532
Households
24,339
Median income
$75,000
Median age
39.2
Daytime population
101,446
5-yr growth
0.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 48 ROVEN Road, Niagara-on-the-Lake.
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.