1/516432 SIXSMITH DRIVE, South Stormont
16432 SIXSMITH DRIVE, South Stormont, ON K0C1P0
Price on request
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Asset Class
Land
Size
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Building class
A
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
89%
Lot Size
3 ac
About this property
VACANT LAND FOR LEASE....IDEAL TRANSPORTATION TERMINAL ! ....PROPERTY ZONED MANUFACTURING (MM) WITH 3 ACRE GRAVELLED PARKING LOT AREA - LOCATED IN THE SOUTH STORMONT INDUSTRIAL PARK. Prime industrial opportunity just minutes East of Long Sault, and Cornwall with easy access to the Hwy 401 and the bridge to the USA. The existing General Industrial "MM" zoning permits a wide variety of commercial and industrial uses, including TRANSPORTATION TERMINAL, warehousing, light manufacturing, workshop, automotive garage, recreation vehicle sales/renting and storage businesses are among many of the many permitted uses (zoning compliance letter for the Township for the site is available from the Listing Brokerage. The property is available for immediate possession, subject to landlord approval, use, credit and execution of the landlord's standard lease form. The landlord is seeking a long-term tenant( 2 years is ideal)at $2,000.00 per month + hst on a net/net, rental basis and requires a 2-business-day irrevocable period on all offers to lease. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$75K
Annual cash flow
$-8K
Cash-on-cash
-1.83%
DSCR
0.90
Going-in cap
4.99%
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
76,889
Households
34,027
Median income
$121,500
Median age
36.8
Daytime population
104,781
5-yr growth
1.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 16432 SIXSMITH DRIVE, South Stormont.
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.