For Sale · Industrial

1020 MONTREAL ROAD, Cornwall

1020 MONTREAL ROAD, Cornwall, ON K6H1E2

Price on request

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Asset Class

Industrial

Size

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Building class

B

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

89%

Lot Size

7.123 ac

Clear height

25 ft

Loading docks

7

About this property

10700 sq ft industrial space. Currently used as a GYM. Could be Industrial 1 large overhead drive in door. 20 ft + ceiling height, Most clear span 2 sets of washrooms and locker rooms, plus office area. Prominent location On Montreal Rd. East (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

59,573

Households

25,440

Median income

$66,000

Median age

40.2

Daytime population

73,488

5-yr growth

3.3%

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

Secure deal room

Confidential diligence documents for 1020 MONTREAL ROAD, Cornwall.

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.