For Sale · Industrial

9 - 1111 GORHAM STREET, Newmarket (Newmarket Industrial Park)

9 - 1111 GORHAM STREET, Newmarket (Newmarket Industrial Park), ON L3Y8X8

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IL — Light Industrial

$ / SF

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Occupancy

85%

Clear height

24 ft

Loading docks

8

About this property

Rarely Offered Multi-Use Commercial/Industrial Unit In A Prime Newmarket Location* Approximately 3,320 Sq. Ft. Of Highly Functional Space* 1,920 Sq. Ft. Of Industrial Space + Approximately 1,400 Sq. Ft. Of Office Space * Excellent Industrial / Office Ratio* Versatile Sized Unit Offering An Ideal Balance Of Space, Functionality & Affordability* Fantastic Usable Layout For A Wide Variety Of Businesses* Approximately 20 Ft Ceiling Height In Main Industrial Area* Approximately 10 Ft Ceiling Height In Upper Industrial Section* Drive Up Truck Garage Door* Measuring Approximately 10Ft High x 8Ft Wide* Powerful 600 AMP Electrical Service* 3 Private Offices* Front Reception Desk Area W/ Accent Wall* Spacious Eat-In Kitchen Area* 2 Kitchenettes W/ Sink* 2 Bathrooms* Gas Forced-Air Heating* Central Air Conditioning* Shared Parking* EG Employment General Zoning Permitting A Wide Variety Of Employment, Industrial, Manufacturing, Warehousing, Office And Service Uses* Excellent Location Near Leslie Street & Davis Drive* Quick And Convenient Access To Highway 404* Perfect Opportunity For An Owner-Operator Or Growing Business* Tenant And Tenant's Agent To Verify Measurements, Zoning, Permitted Uses And All Information* Must See! Don't Miss* (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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

117,004

Households

41,236

Median income

$113,500

Median age

32.1

Daytime population

184,004

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 9 - 1111 GORHAM STREET, Newmarket (Newmarket Industrial Park).

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.