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632 Colby Dr 16,000 SF 100% Leased Industrial Building Waterloo, ON N2V 1A2 $3,667,832 USD ($229.24 USD/SF) 5.72% Cap Rate
INVESTMENT HIGHLIGHTS
- Property has 9 units, all fully leased and generates approximately $293,000 NOI, delivering stable cash flow for investors.
- Situated just off Northfield Drive with direct access to Highway 8, in Waterloo’s established industrial corridor.
- Provides convenient parking, 65 on-site parking stalls for tenants and visitors.
- Each unit offers 16 ft clear ceiling height, 1–2 drive-in doors, and many include mezzanine storage for added flexibility.
EXECUTIVE SUMMARY
632 Colby Drive is a 16,000 SF multi-tenant industrial property offering nine individually metered units ranging from 1,000 to 4,000 sq. ft. Constructed in the mid-1980s, each unit features 16 ft clear ceiling height, one to two drive-in doors per unit, upgraded electrical panels and transformers, and many include mezzanine storage. The property generates a NOI of approximately $293,000, providing stable cash flow for investors. Additional highlights include a clean Phase II ESA, a quality surveillance system, and 65 on-site parking stalls. Situated just off Northfield Drive with direct access to Highway 8, this turnkey asset combines strong financial performance with an excellent location in Waterloo’s established industrial corridor.
PROPERTY FACTS
| Price | $3,667,832 USD | Lot Size | 1.00 AC |
| Price Per SF | $229.24 USD | Rentable Building Area | 16,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.72% | Year Built | 1986 |
| Property Type | Industrial | Parking Ratio | 4.06/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 13 |
| Building Class | B | ||
| Zoning | E 3 - 2 7 - Employment Industrial | ||
| Price | $3,667,832 USD |
| Price Per SF | $229.24 USD |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.00 AC |
| Rentable Building Area | 16,000 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Parking Ratio | 4.06/1,000 SF |
| No. Drive In / Grade-Level Doors | 13 |
| Zoning | E 3 - 2 7 - Employment Industrial |
AMENITIES
- 24 Hour Access
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CONTACTS
-
Brooks Way -
Theo Papadopoulos -
Peter Kruschen -
Coupal Markou Commercial Real Estate Inc.
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632 Colby Dr
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