For Lease · Industrial

10 GREENGAGE ROAD, Clearview (New Lowell)

10 GREENGAGE ROAD, Clearview (New Lowell), ON L0M1S0

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IB — Industrial Business

$ / SF

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Occupancy

86%

Lot Size

3.03 ac

Clear height

29 ft

Loading docks

3

About this property

INDUSTRIAL SPACE FOR LEASE - Light Industrial building - Approx. 2,500 square feet - located in New Lowell / Angus, Ontario - just west of Barrie off of County Road 90. Newly renovated modern building/shop situated on 3.03 acres of land with outside storage available and containers. One drive-in door (10' x 15'), 200-amp electrical service, 21' ceiling height, ample parking on site. Excess land is shared with another user. Zoned Restricted Industrial (MR-4) with many uses permitted including warehouse, storage, light manufacturing, home improvement, repair shop, service shop, fabricating use, equipment sales, truck terminal. Municipal water, natural gas service. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

75,958

Households

34,908

Median income

$128,500

Median age

38

Daytime population

76,592

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 10 GREENGAGE ROAD, Clearview (New Lowell).

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.