For Lease · Industrial

11 - 346 NEWKIRK ROAD, Richmond Hill (Crosby)

11 - 346 NEWKIRK ROAD, Richmond Hill (Crosby), ON L4C0A9

Price on request

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IB — Industrial Business

$ / SF

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Occupancy

93%

Clear height

22 ft

Loading docks

8

About this property

Space Is Well Suited For Many Business Uses. Office Space Located In The Front Of The Building With Work Space In The Back. Garage Bay Door Located At the Rear Entrance. Tenant Is Responsible For Electricity and Gas. Water is included in the Maintenance. Lease rate Includes TMI. Please see attached Uses and Restrictions (Automotive uses is not Permitted) (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

130,860

Households

47,792

Median income

$120,500

Median age

31.5

Daytime population

152,222

5-yr growth

7.2%

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

Secure deal room

Confidential diligence documents for 11 - 346 NEWKIRK ROAD, Richmond Hill (Crosby).

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.