1/381 Industrial Park RD E, Blind River
1 Industrial Park RD E, Blind River, ON P0R1B0
$3.5M total
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Asset Class
Retail
Size
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Building class
A
Zoning
CNC — Neighbourhood Commercial
$ / SF
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Occupancy
84%
Year Built
1982
About this property
Prime location in Blind River with water views. This commercial building is over 17000 sqft with office space on two floors. This building has had some serious updates including new hvac units, exterior facelift and roof repairs. Building is currently renting office spaces on two floors plus has additional income from two out buildings. Over 2 acres of land overlooking Lake Huron. Would make an excellent hotel or motel being right on the trans Canada highway. Buildings fire system was just inspected and so was the elevator. Large parking lot with newer exterior lighting. Only 1.5 hours from Sudbury and 1.5 hours from Sault Ste. Marie. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$16K
Projected NOI
$198K
Annual cash flow
$5K
Cash-on-cash
0.43%
DSCR
1.02
Going-in cap
5.67%
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
126,752
Households
55,223
Median income
$106,500
Median age
33.4
Daytime population
147,351
5-yr growth
0.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 1 Industrial Park RD E, Blind River.
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.