For Sale · Industrial

1475 COUNTY RD 34, Kingsville

1475 COUNTY RD 34, Kingsville, ON N0P2G0

$80.0M total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IL — Light Industrial

$ / SF

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Occupancy

94%

Clear height

20 ft

Loading docks

5

About this property

Turn-key 30 acre commercial greenhouse facility for sale equipped with corporate offices and a 2 acre cooler featuring 20 loading docks. This opportunity is ideal for a current industry player or institutional buyer looking to transition into a thriving industry to take over a 4th generation commercial greenhouse enterprise specializing in the production, marketing and shipping of gourmet produce throughout North America. The property is fully secured, fenced and has achieved the rare zoning needed for cannabis production, which adds even more possibilities for the use of this property in the future. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$79.99M
Down payment30% · $24.00M
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$369K

Projected NOI

$4.21M

Annual cash flow

$-219K

Cash-on-cash

-0.91%

DSCR

0.95

Going-in cap

5.27%

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

134,069

Households

57,168

Median income

$77,500

Median age

40.3

Daytime population

187,446

5-yr growth

6.3%

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

Secure deal room

Confidential diligence documents for 1475 COUNTY RD 34, Kingsville.

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.