















































1/493890 WELLINGTON STREET, West Perth (Mitchell), ON N0K1N0
$2.5M total
—
Asset Class
Industrial
Size
—
Building class
B
Zoning
IB — Industrial Business
$ / SF
—
Occupancy
97%
Lot Size
2.82 ac
Clear height
20 ft
Loading docks
12
OUTSTANDING COMMERCIAL/INDUSTRIAL OPPORTUNITY - MITCHELL EXCELLENT OPPORTUNITY TO ACQUIRE A WELL EQUIPPED COMMERCIAL/INDUSTRIAL PROPERTY SITUATED ON 2.82 ACRES WITH A PAVED YARD AND CONVENIENT ACCESS FROM BOTH WELLINGTON AND FRANK STREET. THE PROPERTY IS STRATEGICALLY LOCATED ON THE DEFINED TRUCK ROUTE THROUGH MITCHELL, PROVIDING EXCELLENT ACCESSIBILITY FOR COMMERCIAL AND TRANSPORT OPERATIONS. THE PROPERTY OFFERS SUBSTANTIAL SHOP, WAREHOUSE AND OFFICE SPACE, MAKING IT IDEAL FOR A WIDE RANGE OF INDUSTRIAL, MANUFACTURING, TRANSPORTATION, STORAGE OR SERVICE USES. THE MAIN BUILDING CONSTRUCTED IN 2005, FEATURES APPROXIMATELY 8,000 SQ FT OF WORKSPACE, MEASURING 80 X 100' WITH 18' SIDEWALLS, PLUS APPROX 1560 SQ FT OF OFFICE SPACE WITH 10' SIDEWALLS. A FURTHER 80 X 100 (8,000sqft) ADDITION WAS CONSTRUCTED IN 2012, ALSO OFFERING 18' SIDEWALLS, MAKING THE MAIN STRUCTURE APPROXIMATELY 16,000 SQFT. THE STORAGE FACILITY ADDS ANOTHER 6000 SQFT OF WORK SPACE/STORAGE. THE MAIN SHOP IS WELL EQUIPPED WITH THREE-PHASE HYDRO, NATURAL GAS RADIANT TUBE HEATING, FLUORESCENT CEILING AND WALL LIGHTING WITH AIR LINES THROUGHOUT THE SHOP, SUPPLIED BY TWO AIR COMPRESSORS. A WELDING EXHAUST SYSTEM WITH EXTRACTION ARMS, FLOOR DRAINS WITH AN OIL SEPARATION TANK AND POWER OPERATED OVERHEAD DOORS ADD TO THE PROPERTY'S FUNCTIONALITY. ADDITIONAL SHOP FACILITIES INCLUDE TWO AIR CONDITIONED SHOP OFFICES AND A SHOP BATHROOM, WITH PLUMBING ROUGH-IN FOR A SECOND BATHROOM ADJACENT TO REAR OFFICE. THE FRONT OFFICE AREA PROVIDES A PROFESSIONAL ADMINISTRATIVE SET-UP WITH 4 OFFICES, BOARDROOM/LUNCHROOM, ALARM SYSTEM, WITH GENEROUS ACREAGE-ACCESS. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$11K
Projected NOI
$151K
Annual cash flow
$15K
Cash-on-cash
2.02%
DSCR
1.11
Going-in cap
6.15%
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.
Trade area within 3 miles of the property.
Population
136,558
Households
54,986
Median income
$98,500
Median age
31.9
Daytime population
199,023
5-yr growth
4.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 3890 WELLINGTON STREET, West Perth (Mitchell).
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.