Business For Sale · Office

302 - 6 GEORGE STREET S, Brampton (Downtown Brampton)

302 - 6 GEORGE STREET S, Brampton (Downtown Brampton), ON L6Y1P1

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

94%

About this property

Beautifully appointed office/studio space downtown Brampton in boutique office/retail building right next to city hall. There is an abundance of parking nearby with two city hall parking lots steps from the building. Beautiful polished concrete floors throughout. Currently built out with 7 private offices on glass with two being large enough to accommodate a board room. Large open are in the middle of the space with two entry/exit doors. Excellent opportunity for office users or studio space. Building is serviced by an elevator and is fully accessible. Common washrooms on the floor as well as a common kitchenette. Perfect space for professional office users or studio users. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

144,835

Households

66,927

Median income

$114,000

Median age

37

Daytime population

191,242

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 302 - 6 GEORGE STREET S, Brampton (Downtown Brampton).

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.