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Price on request
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Asset Class
Land
Size
—
Building class
B
Zoning
AG — Agricultural
$ / SF
—
Occupancy
96%
Lot Size
1 ac
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)
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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.
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.
Confidential diligence documents for 3905 7TH CONCESSION, Pickering.
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.