For Sale · Industrial

3890 WELLINGTON STREET, West Perth (Mitchell)

3890 WELLINGTON STREET, West Perth (Mitchell), ON N0K1N0

$2.5M total

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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

About this property

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)

Financial sandbox

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Estimate
Purchase price$2.45M
Down payment30% · $735K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 3890 WELLINGTON STREET, West Perth (Mitchell).

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.