262 MUD Street W, Grimsby262 MUD Street W, Grimsby — photo 2262 MUD Street W, Grimsby — photo 3262 MUD Street W, Grimsby — photo 4262 MUD Street W, Grimsby — photo 5262 MUD Street W, Grimsby — photo 6
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For Lease · Land

262 MUD Street W, Grimsby

262 MUD Street W, Grimsby, ON L0R1M0

Price on request

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

92%

Lot Size

119 ac

About this property

1 acre to 40+ acres available to lease off Mud Street West in Grimsby. Site is 119 total acres of vacant land. Very affordable lease rate! Zoning is Utility (works yard) which permits outside storage. Site is compacted with asphalt grindings. Tenant to self-maintain (snow plowing, etc). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

107,303

Households

38,552

Median income

$114,000

Median age

32.6

Daytime population

115,512

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 262 MUD Street W, Grimsby.

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.