Business For Sale · Industrial

116 PARK STREET West Unit# 5, Windsor

116 PARK STREET West Unit# 5, Windsor, ON N9A7A5

Price on request

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Asset Class

Industrial

Size

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Building class

B

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

94%

Clear height

23 ft

Loading docks

2

About this property

Discover an excellent opportunity to lease or own a fully updated and renovated commercial unit in the heart of Downtown Windsor. Located within one of the city's largest condominium complexes, this 750 sq. ft. commercial space offers excellent visibility, convenient access, and a strong surrounding customer base. The unit features a functional open layout and a 2-piece bathroom, with CD3.1 zoning , making it suitable for a variety of permitted commercial uses, including office space, hair or nail salon, deli, and other professional or retail uses.Surrounded by residential buildings, offices,businesses, and steady pedestrian and street traffic, this location provides an excellent setting for an established business or an entrepreneur looking to start a new venture. Gross rent of $2,000/month, including condominium fees, water,and property taxes. Also Available For Sale:An excellent opportunity for an owner-user or investor lookina to own commercial real estate. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

88,195

Households

33,540

Median income

$91,500

Median age

44.9

Daytime population

132,940

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 116 PARK STREET West Unit# 5, Windsor.

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.