For Lease · Land

3905 7TH CONCESSION, Pickering

3905 7TH CONCESSION, Pickering, ON L9P1R4

Price on request

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Asset Class

Land

Size

—

Building class

B

Zoning

AG — Agricultural

$ / SF

—

Occupancy

96%

Lot Size

1 ac

About this property

Farm Storage Opportunities in Pickering near Highway 407 and Lakeridge Road: Area 1: 2400 square feet +/- (60 ft. by 40 ft.) Steel Quonset Dome building with concrete floor for Lease. A Quonset dome hut is a lightweight, prefabricated arch structure made of corrugated galvanized steel with a semi-circular cross-section. As such, ceiling height varies. Estimated Annual triple Net Rent: $25 dollars per square foot net. representing $60,000 per year payable monthly in equal installments of $5,000.00 plus additional rent plus applicable taxes. Area 2: 2,700 square feet +/- Farm Shed (30' by 90') on a dirt floor with one 10' by 12' height bay door @$15 per square foot net representing $40,500 per year payable monthly in equal installments of $3,375 plus additional rent plus applicable taxes . Area 3: A 900 sq.ft. +/- Work Shop/Garage (30' by 30') with high ceiling including 2 Bay Doors and bays on a concrete floor @$30 dollars per square foot net representing $27,000 per year payable monthly in equal installments of $2,250 plus additional rent plus applicable taxes. All areas pay proportion of Additional Rent: Tenant pays HST on Rent, all operating costs, snow plowing, grass cutting, maintenance and its utility (hydro) costs and all property taxes attributable to the area Leased. No hazardous material storage or noisy activities. Prefer farm related activities. Tenant to get its own Tenant Insurance and will be storing contents at their own risk. Parking is also available and to be negotiated. All areas $11,000 per month plus Additional Rent and applicable taxes. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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

144,064

Households

56,323

Median income

$129,000

Median age

35.6

Daytime population

163,145

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 3905 7TH CONCESSION, Pickering.

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.