Business For Sale · Industrial

461 Scott ROAD, Sarnia

461 Scott ROAD, Sarnia, ON N7T8G3

Price on request

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Asset Class

Industrial

Size

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Building class

C

Zoning

IL — Light Industrial

$ / SF

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Occupancy

94%

Year Built

1980

Clear height

27 ft

Loading docks

9

About this property

Heavy industrial shop space for lease. This is a great opportunity to lease a versatile unit with Heavy Industrial zoning. The unit has 3,965 sq. ft. And can accommodate a wide variety of industrial, commercial, warehouse and storage applications. The unit features a wide-open floor plan with 14-foot clear interior height, a 12-foot overhead door, two existing offices, and one bathroom.The open shop space is suitable for equipment, workshops, or customized industrial applications. Located close to Sarnia's industrial sector, this property is accessed off HWY 40 and has direct routes to Corunna, HWY 402 & Bluewater Bridge. Lease rate is $12 per sq.ft. plus utilities and HST. CAMt estimated at $3 per sq.ft. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

115,336

Households

42,729

Median income

$66,000

Median age

40.9

Daytime population

172,425

5-yr growth

0.9%

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

Secure deal room

Confidential diligence documents for 461 Scott ROAD, Sarnia.

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.