For Sale · Industrial

2828 HOWARD AVENUE, Windsor

2828 HOWARD AVENUE, Windsor, ON N8X3Y3

$849,000 total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IL — Light Industrial

$ / SF

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Occupancy

86%

Clear height

24 ft

Loading docks

1

About this property

OWNERS ARE RETIRING. EXCELLENT OPPORTUNITY TO OWN YOUR OWN PROFESSIONAL BUILDING IN HIGH TRAFFIC AREA ON HIGH VISIBLE STREET. THIS PROFESSIONAL 2 STOREY BUILDING IS LOCATED 2 MIN OFF E.C. ROW EXPRESSWAY. 10 MIN TO DOWNTOWN. THIS CD2.1 ZONED BUILDING WOULD BE GREAT USE FOR LAWYERS, ACCOUNTANTS, MORTGAGE, REAL ESTATE OFFICE, CHIROPRACTOR, RMT, ETC, ETC, ETC. BUILDING HAS 6 OFFICES W/ POTENTIAL FOR 7TH, 2 BOARD ROOMS, 3 SECRETARIAL STATIONS, KITCHEN, 2 BATHROOMS, COPY ROOM, RECEPTION DESK, WAITING AREA, AND 12 PAVED PARKING SPOTS. PLEASE CONTACT US FOR ANY FURTHER INFORMATION. (id:66811)

Financial sandbox

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Estimate
Purchase price$849K
Down payment30% · $255K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$38K

Annual cash flow

$-9K

Cash-on-cash

-3.58%

DSCR

0.81

Going-in cap

4.47%

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

76,938

Households

35,624

Median income

$117,500

Median age

32.9

Daytime population

117,112

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 2828 HOWARD AVENUE, 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.