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For Sale · Industrial

10 CLEMENS Avenue, Cambridge

10 CLEMENS Avenue, Cambridge, ON N3C3W2

$2.2M total

9,623 SF

Asset Class

Industrial

Size

9,623 SF

Building class

C

Zoning

IM — Medium Industrial

$ / SF

$229

Occupancy

86%

Lot Size

1.322 ac

Clear height

34 ft

Loading docks

3

About this property

Freestanding industrial building on a serviced lot in Cambridge, the region's largest and most active industrial market. Approximately 9600 sq ft on 1.32 acres, and zoned industrial M3. Small industrial buildings in this size range rarely come to market in Cambridge, and almost none are being built. This is a rare chance for a trade, landscaper, fabricator, contractor or small manufacturer to own instead of lease. The building has been home to a long-established metal finishing business for decades. It suits an owner-occupier, a value-add investor, or another finisher who can use the existing setup and approvals. Land and building only. The business is not included. Sold as is. Easy access to 401. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.20M
Down payment30% · $660K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$10K

Projected NOI

$94K

Annual cash flow

$-28K

Cash-on-cash

-4.21%

DSCR

0.77

Going-in cap

4.28%

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.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.8,295 SF2027-05

Area demographics

Trade area within 3 miles of the property.

Population

133,758

Households

49,395

Median income

$130,500

Median age

38

Daytime population

127,628

5-yr growth

2.9%

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

Secure deal room

Confidential diligence documents for 10 CLEMENS Avenue, Cambridge.

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.