Business For Sale · Industrial

245 OUELLETTE AVENUE Unit# 302A, Windsor

245 OUELLETTE AVENUE Unit# 302A, Windsor, ON N9A7J2

Price on request

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Asset Class

Industrial

Size

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Building class

C

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

100%

Year Built

2001

Clear height

35 ft

Loading docks

11

About this property

4,264 sq ft of first class office space, located on the 3rd floor of one of the finest buildings in Windsor's downtown core. Main and 2nd Floor occupied by the Royal Bank of Canada. Expeditors occupies majority of 3rd Floor. Plenty of natural light, Landlord improvement allowance available to create new lobby and some new offices. Elevator access to main floor and parking garage. Secure Main floor entrance, onsite parking, and additional offsite parking at additional cost. Building Signage available. Contact the Listing Broker for a brochure, space plan and to arrange a tour. Roof is concrete deck with BUR membrane. This building has a low carbon footprint as it uses recycled heat from Casino Windsor. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$89K

Annual cash flow

$6K

Cash-on-cash

1.31%

DSCR

1.07

Going-in cap

5.94%

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

112,464

Households

42,938

Median income

$130,000

Median age

34.2

Daytime population

190,384

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 245 OUELLETTE AVENUE Unit# 302A, Windsor.

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.