For Lease · Retail

125 COLLEGE STREET E, Belleville (Belleville Ward)

125 COLLEGE STREET E, Belleville (Belleville Ward), ON K8P5A2

Price on request

—

Asset Class

Retail

Size

—

Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

98%

About this property

Garage service shop building for lease with offices and outdoor paved area. Former bus company operating location with one bay 14' high door and two bays 12' high doors. Installed compressor unit with lines running throughout shop. High power hot water pressure washer in place. Building second floor has storage space, part room and offices. Busy, high traffic location. ~0.45 acre paved outdoor area assigned to Tenant including 24 parking spaces at the front of building. 1,000sf covered outdoor parking area. Fuel tanks on site usable by the Tenant. Lease rate $8,500/month + utilities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

128,843

Households

60,665

Median income

$70,500

Median age

42

Daytime population

200,244

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for 125 COLLEGE STREET E, Belleville (Belleville Ward).

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.