Business For Sale · Land

25348 NAIRN ROAD, Middlesex Centre

25348 NAIRN ROAD, Middlesex Centre, ON N0M1P0

$1.5M total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

83%

Lot Size

49.15 ac

About this property

Rare find! Under 15 minutes to Hyde Park shopping. 49 acre farm just northwest of London with 31 farmable acres systematically tiled. Income from the annual land rent and permitted field sign. Beautiful country setting with gorgeous panoramic farmland views with meadows and woods. Creek meanders through property. Walking / ATV trail through the woods. 24' x 32' shop with 10'x10' overhead door. 3+1 bedroom ranch style family home shows very well and lower level is fully finished with walkout. Oversize 2 car attached garage. Beautiful country property minutes from the city and 30 minutes to Lake Huron beaches. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.89%

DSCR

0.84

Going-in cap

4.67%

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

115,535

Households

45,632

Median income

$77,000

Median age

41.8

Daytime population

189,330

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for 25348 NAIRN ROAD, Middlesex Centre.

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.