8 Lintrose Place
Mount Pearl, NL, A1N5K2
$2,999,000
About the property (MLS: 1279444):
Rare opportunity for a 20year old mixed use retail and industrial warehouse space boasting 7,200sqft garage, 3,000sqft showroom/office, 3,000sqft mezzanine storage and office and 1,500sqft parts storage area providing 15,000sqft total usable space. Property is 1.5 acres with 25 parking stalls on site along with three 12’ x 14’ overhead garage doors and 1 grade level parts loading door. Fenced yard storage at rear. Warehouse space has 20ft ceilings. Building is pre-engineered steel construction and has a 60x204ft footprint. There is a heat-pump for heating and cooling the showroom/office areas, and force-air oil furnaces (waste oil and home heating oil) for the warehouse and parts storage areas. Donovans Industrial Park offers quick access to Kenmount Road, Trans Canads Highway and Pitts Memorial Drive. The property is well maintained and will be ready for occupancy in early 2025. (id:56688)
Property Details
Listing ID: 27626144
Address: 8 Lintrose Place, Mount Pearl, Newfoundland & Labrador, Canada A1N5K2
Status: Active
Last updated: 13 days ago ( Nov 29, 2024 )
Year Built: 2004
Property Type: Retail
Structure Type: Special Purpose
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Heat Pump, Forced air, Oil
Fencing: Partially fenced
Living Area Total: 15,000 square feet
Price per sq ft: $200
Tax Annual Amount: $33,400
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Forced air, Oil
Common Interest: Freehold
Business Type: Automobile, Industrial, Retail and Wholesale
Number of photos available: 30
Rurl
Coordinates: [47.525061, -52.84346]
Rooms
Basic Calculator
First Mortgage: $2,399,200
Mortgage insurance premium: $0
Total Financing: $2,399,200
Rough closing fee (1.5%): ~ $44,985
Total downpayment with estimated closing fee: $644,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $16,500 | $198,000 |
| Gross rental income (income/principal ratio) | 0.550% | 6.602% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $3,749 | $44,988 |
| Vacancy | $825 | $9,900 |
| Management Fee | $1,320 | $15,840 |
| Expense / Income Ratio | 22.72% | 22.72% |
| Cash Flow | $10,606 | $127,272 |
| Net Operating Income (NOI) | $10,606 | $127,272 |
| Capitalization Rate | 0.35% | 4.24% |
