For Lease · Industrial

11 GRAY ROAD, Bracebridge (Macaulay)

11 GRAY ROAD, Bracebridge (Macaulay), ON P1L1P8

$15 per sq ft / yr

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Asset Class

Industrial

Size

—

Building class

A

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

93%

Lot Size

5000 ac

Clear height

30 ft

Loading docks

1

About this property

Sublease opportunity for approximately 5,000 sq. ft. of industrial space located in an established industrial park with convenient access to the highway. Exact square footage is negotiable to suit the needs of the incoming tenant. The space currently features one 8' x 8' dock-height loading door, two private offices, one shared washroom, approximately 12' ceiling height with mostly 10' clear height, three-phase power available, and plenty of on-site parking. Outdoor storage is also available, providing additional flexibility for a variety of industrial and commercial users. Ideally seeking a 3-year sublease term, although shorter terms may be considered. Additional rent (TMI) is approximately $7.00/sq. ft. and includes heat and water. Hydro is separately metered and to be placed in the tenant's name. Available immediately, with flexible occupancy timing. An excellent opportunity for a business looking for functional industrial space with flexible size and lease terms. (id:66811)

Financial sandbox

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Estimate
Purchase price$15
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

2.20%

DSCR

1.12

Going-in cap

6.20%

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

106,865

Households

39,104

Median income

$64,500

Median age

39.9

Daytime population

142,103

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for 11 GRAY ROAD, Bracebridge (Macaulay).

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.