1/63905 7TH CONCESSION, Pickering
3905 7TH CONCESSION, Pickering, ON L9P1R4
Price on request
2,400 SF
Asset Class
Land
Size
2,400 SF
Building class
B
Zoning
AG — Agricultural
$ / SF
—
Occupancy
96%
Lot Size
2400 ac
About this property
Storage Opportunity in Pickering near Highway 407 and Lakeridge Road for farm related Uses: 2400 square foot +/- Quonset Hut with variable Ceiling height for Lease. Quiet Area. No hazardous material storage or noisy activities. A Quonset 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 plus applicable taxes representing $60,000 per year payable monthly in equal installments of $5,000.00 plus additional rent plus applicable taxes. Additional Rent: Tenant pays all operating costs, snow plowing, grass cutting, maintenance and its utility (hydro) costs and all property taxes attributable to the Quonset Hut. Tenant to get its own Tenant Insurance and will be storing contents at their own risk. Access Road from 4th Line to the Quonset Hut to be prepared (grown in) by Tenant at its sole cost to the satisfaction of the Landlord. Tenant is required to install its own gate at the property line at Tenants sole cost as well. Additional parking and building storage (sheds and house) available for an additional amount to be negotiated. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
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.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Lakeview Physiotherapy | 1,045 SF | 2031-05 |
| Lakeview Physiotherapy | 572 SF | 2032-05 |
| Lakeview Physiotherapy | 400 SF | 2031-05 |
| Lakeview Physiotherapy | 400 SF | 2031-05 |
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.
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.