Business For Sale · Office

403 - 3660 HURONTARIO STREET, Mississauga (City Centre)

403 - 3660 HURONTARIO STREET, Mississauga (City Centre), ON L5B3C4

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

84%

About this property

This expansive 1,124 sq. ft. office boasts a welcoming reception area, three private rooms and a big board room, including one with outdoor views - ideal for a professional and inviting workspace. Situated in a meticulously maintained, professionally managed 10-storey building in the heart of Mississauga City Centre, it provides easy access to Square One Shopping Centre and major highways 403 and QEW. Additionally, being near the city center gives a substantial SEO boost when users search for terms like "x in Mississauga" on Google. Underground And Street Level Parking Available, and a cafe will soon be opening on the ground floor, adding convenience for staff and visitors. Ideal for a professional workspace, this prime location combines functionality, accessibility, and the vibrant energy of the city. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

93,387

Households

39,341

Median income

$91,000

Median age

43.7

Daytime population

88,985

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for 403 - 3660 HURONTARIO STREET, Mississauga (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.