27 Glencoe Drive
Mount Pearl, NL, A1N4S5
$2,200,000
About the property (MLS: 1278954):
Great opportunity to own a Commercial Warehouse/Office Building situated on two (2)acres of land in the most centrally located area in Donovan's, the building is situated on the lot to allow for an extra building lot. This building has a warehouse area of 4800 square feet of open garage/warehouse space with a sixteen (16) foot ceiling height, also has 1300 square feet of office space. The building offers six 14x12 overhead doors, three situated at the front and three at the rear of the garage/warehouse, and an additional 10x10 door at the rear side of the building. (id:56688)
Property Details
Listing ID: 27577502
Address: 27 Glencoe Drive, Mount Pearl, Newfoundland & Labrador, Canada A1N4S5
Status: Active
Last updated: 2 months ago ( Oct 24, 2024 )
Property Type: Industrial
Structure Type: Manufacturing
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Baseboard heaters, Forced air, Oil, Electric
Flooring: Other, Ceramic Tile, Concrete Slab
Living Area Total: 7,400 square feet
Price per sq ft: $298
Tax Annual Amount: $10,135
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Forced air, Oil, Electric
Flooring: Other, Ceramic Tile, Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Retail and Wholesale, Service
Number of photos available: 4
Rurl
Coordinates: [47.525045, -52.838827]
Rooms
Basic Calculator
First Mortgage: $1,760,000
Mortgage insurance premium: $0
Total Financing: $1,760,000
Rough closing fee (1.5%): ~ $33,000
Total downpayment with estimated closing fee: $473,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $8,141 | $97,692 |
| Gross rental income (income/principal ratio) | 0.370% | 4.441% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,750 | $33,000 |
| Vacancy | $408 | $4,885 |
| Management Fee | $652 | $7,816 |
| Expense / Income Ratio | 33.78% | 33.78% |
| Cash Flow | $4,333 | $51,996 |
| Net Operating Income (NOI) | $4,333 | $51,996 |
| Capitalization Rate | 0.20% | 2.36% |
