For Sale · Office

B3 - 2212 GLADWIN CRESCENT, Ottawa

B3 - 2212 GLADWIN CRESCENT, Ottawa, ON K1B5N1

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CO — Commercial Office

$ / SF

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Occupancy

89%

About this property

Welcome to Unit 3B at 2212 Gladwin Crescent, offering approximately 1,700 sq. ft. of ground-floor office space in the established Industrial Park. The move-in-ready layout includes eight private offices, a kitchenette and a private washroom. Conveniently located near St. Laurent Boulevard, Innes Road and Industrial Avenue, with quick access to Highways 417 and 174. An excellent opportunity for a business seeking functional office space in Ottawa's east-end commercial district. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

144,462

Households

64,163

Median income

$125,500

Median age

37.2

Daytime population

214,636

5-yr growth

9.4%

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

Secure deal room

Confidential diligence documents for B3 - 2212 GLADWIN CRESCENT, 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.