183 McNamara Drive
Paradise, NL, A1L0A7
$5,375,000
About the property (MLS: 1292681):
UNIQUE OPPORTUNITY! Unique opportunity to acquire a fully functional commercial asset in Octagon Pond Industrial Park (Paradise), with part of the building already generating rental income, making it ideal for both investors and owner-occupiers!! The 35,099 sq. ft. building is divided into two self-contained units, offering exceptional versatility. The first unit includes 11,900 sq. ft. of warehouse/manufacturing space, office areas, and 2,590 sq. ft. of mezzanine, currently leased with tenants wishing to remain with 3.5 years remaining on the lease! The second unit provides 17,809 sq. ft. of additional warehouse and office space, along with 2,800 sq. ft. of mezzanine storage. Any applicable HST will be the responsibility of the purchaser. (id:56688)
Property Details
Listing ID: 29113837
Address: 183 McNamara Drive, Paradise, Newfoundland & Labrador, Canada A1L0A7
Status: Active
Last updated: 2 months ago ( Nov 18, 2025 )
Year Built: 2009
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Electric, Propane, Mini-Split
Living Area Total: 35,099 square feet
Price per sq ft: $154
Tax Annual Amount: $17,060
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric, Propane, Mini-Split
Common Interest: Freehold
Business Type: Industrial, Other
Number of photos available: 42
Rurl
Coordinates: [47.515766, -52.870202]
Rooms
Basic Calculator
First Mortgage: $4,300,000
Mortgage insurance premium: $0
Total Financing: $4,300,000
Rough closing fee (1.5%): ~ $80,625
Total downpayment with estimated closing fee: $1,155,625
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $38,609 | $463,308 |
| Gross rental income (income/principal ratio) | 0.718% | 8.620% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $6,719 | $80,628 |
| Vacancy | $1,931 | $23,166 |
| Management Fee | $3,089 | $37,065 |
| Expense / Income Ratio | 17.40% | 17.40% |
| Cash Flow | $26,871 | $322,452 |
| Net Operating Income (NOI) | $26,871 | $322,452 |
| Capitalization Rate | 0.50% | 6.00% |
