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For Lease · Office

43 ECCLES STREET, Ottawa

43 ECCLES STREET, Ottawa, ON K1R6S3

$14 per sq ft / yr

4,483 SF

Asset Class

Office

Size

4,483 SF

Building class

A

Zoning

DC1 — Direct Control

$ / SF

$0

Occupancy

97%

About this property

Approximately $10 Additional COVERS ALL YOUR UTILITIES. Architecturally stunning, all-brick building in the heart of one of Ottawa's most dynamic central neighborhood nodes. 43-45 Eccles is a meticulously maintained, fully renovated 2-storey gorgeous unit plus an optional finished lower level storage unit, featuring soaring ceilings, oversized windows on all sides, secure FOB access, and 5 on-site parking spaces. The main floor is completely renovated in a modern, "tech-style" layout with glass partitions, meeting rooms/boardroom capability, kitchen/lunch area, washrooms, and a striking mezzanine element with additional office space. This is a stunning flexible space to that would be ideal for many different types of businesses. Turn key move in ready. Also available for sale at a tremendous CAP rate of 8.2%. Operate your business in one unit and keep the rest of the building leased covering most (if not all) of your expenses. With Lebreton Flats redevelopment around the corner this investment is sure to grow in the next five years. Come see for yourself. The space is stunning and will surely impress you and your clients. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$14
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

4.62%

DSCR

1.25

Going-in cap

6.93%

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.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics4,326 SF2033-03

Area demographics

Trade area within 3 miles of the property.

Population

43,599

Households

15,261

Median income

$123,000

Median age

37.2

Daytime population

60,631

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 43 ECCLES STREET, Ottawa.

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.