Business For Sale · Office

22 CLAPPERTON STREET, Barrie (City Centre)

22 CLAPPERTON STREET, Barrie (City Centre), ON L4M1G4

$1.9M total

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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

92%

About this property

Rare downtown Barrie investment and owner-user opportunity. This prominent standalone professional office building offers 6,306 SF across two bright above-grade floors plus 1,470 SF of basement storage, providing flexibility for a wide range of professional, medical, administrative, or commercial uses.Positioned within Barrie's vibrant downtown core, the property benefits from exceptional visibility, strong pedestrian and vehicle exposure, nearby municipal parking, transit accessibility, and proximity to key amenities and the waterfront. Vacant possession allows purchasers immediate occupancy or the ability to reposition, lease, or redevelop the asset to maximize value. Zoning permits a broad range of commercial uses, making this an attractive opportunity for investors, owner-operators, or future mixed-use considerations. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.90M
Down payment30% · $570K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$131K

Annual cash flow

$25K

Cash-on-cash

4.43%

DSCR

1.24

Going-in cap

6.87%

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

68,449

Households

26,490

Median income

$78,500

Median age

42.7

Daytime population

94,250

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 22 CLAPPERTON STREET, Barrie (City Centre).

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.