For Lease · Industrial

2N WATABEAG ROAD, Kirkland Lake

2N WATABEAG ROAD, Kirkland Lake, ON P0K1S0

Price on request

—

Asset Class

Industrial

Size

—

Building class

A

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

87%

Lot Size

32 ac

Clear height

20 ft

Loading docks

4

About this property

2N WATABEAG ROAD, KIRKLAND LAKE-LICENSED INDOR CANNABIS CULTIVATION FACILITY Rare opportunity to lease or acquire a purpose-built, large-scale indoor cannabis cultivation facility situated on approximately 32 acres in Kirkland Lake, Ontario. The property offers approximately 40,00 sq.ft of indoor cultivation space, plus an additional 15,000 sq.ft of purpose-built storage and support space. KEY HIGHLIGHTS; Active Health Canada cultivation license Cultivation capacity of up to 3500 kg annually Approximately 2 MW of hydro power Approximately 40,000 sq.ft of indoor cultivation space Additional 15,000 sq ft storage and support facility High end cfultivation systems, equipment and infrastructure designed for high-quality, controlled indoor production Millions of dollars invested in the fafility, equipment and infrastructure Established infrastructure allowing a qualified operator to scole production efficiently Eu-GMP-desgined faciity, providing an opportunity to pursure EU-GMP certification, subject to applicable regulatory requirements, inspections and approvals Approximately 32 acres with additional room for expansion and operational flexibilit A substantial turnkey cultivation platform for an experienced licensed cannabis operator, with significant capital investment alreaedy in place and infrastructure designed to support high-quality commercial production. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

65,722

Households

29,544

Median income

$90,500

Median age

43.1

Daytime population

102,751

5-yr growth

9.1%

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

Secure deal room

Confidential diligence documents for 2N WATABEAG ROAD, Kirkland Lake.

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.