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For Sale · Industrial

1 - 1010 POLYTEK STREET, Ottawa

1 - 1010 POLYTEK STREET, Ottawa, ON K1J9H8

$445,000 total

—

Asset Class

Industrial

Size

—

Building class

B

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

84%

Clear height

21 ft

Loading docks

11

About this property

End unit Industrial Condo. 2 levels with separate entrances. Attention recording studio businesses, video editors and podcasters! 2nd floor is currently set up as a recording studio. Sound isolated rooms with buit in wired patch bays for recording equipment, 3/8' angled windows between all rooms for visual and sound proofing, ventilation mufflers. Main floor is open concept office areas and is equipped with a kitchenette. Main floor was a separate rental suite. It is currently vacant. The recording studio is currently operated by the owner of the building. This is a unique opportunity. The building is very conveniently located to HWY 174 and the new LRT station at Montreal Rd. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$445K
Down payment30% · $134K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$18K

Annual cash flow

$-7K

Cash-on-cash

-5.16%

DSCR

0.72

Going-in cap

3.99%

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

130,917

Households

47,927

Median income

$128,000

Median age

33.3

Daytime population

125,432

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 1 - 1010 POLYTEK STREET, Ottawa.

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.