Business For Sale · Industrial

585 RIVERVIEW DRIVE, Chatham

585 RIVERVIEW DRIVE, Chatham, ON N7M5J5

Price on request

11,000 SF

Asset Class

Industrial

Size

11,000 SF

Building class

B

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

93%

Year Built

1974

Clear height

31 ft

Loading docks

11

About this property

Approximately 11,000 sq. ft. of industrial/warehouse space available in an excellent location with convenient access to Highway 401 and Queen’s Line. The space features 18.5-foot ceiling heights, level concrete floors, one loading dock and one ground-level drive-in door, providing excellent functionality for a variety of industrial, warehousing, manufacturing and distribution uses. The property also offers approximately 1 acre of laydown yard, with a rear turnaround yard providing additional flexibility for trucks, deliveries and outdoor storage. Ample on-site parking is available. Approximately 2,500 sq. ft. of office space is also available, providing the opportunity to accommodate administrative, staff or customer-service requirements under the same roof. A rare opportunity for businesses requiring substantial industrial space, high ceilings, loading capabilities and generous yard area. Landlord is willing to assist with leasehold improvements, making this an excellent opportunity to customize the space to suit your business needs. TMI's are $2.00 per sq ft for 2026. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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)

TenantAreaExpiry
Lakeview Physiotherapy10,263 SF2032-01

Area demographics

Trade area within 3 miles of the property.

Population

123,071

Households

50,029

Median income

$120,500

Median age

31.7

Daytime population

144,617

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for 585 RIVERVIEW DRIVE, Chatham.

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.