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For Lease · Office

1387 FOURTH AVENUE, St. Catharines (Rural Fourth)

1387 FOURTH AVENUE, St. Catharines (Rural Fourth), ON L2R6P9

$12 per sq ft / yr

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Asset Class

Office

Size

—

Building class

B

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

96%

About this property

Exceptional 2,800 square foot upper floor office space in a quiet west end area of St. Catharines near the corner of Third Street. Bright and modern loft style space with heigh ceilings and extensive windows throughout - all making for a great place to work! Big open areas which could be further divided plus 4 large designated offices. Kitchenette plus full washroom with shower. Access from back of building through interior staircase. Adjacent are 8 parking spaces included. TMI is $6.75 plus portion of hydro and internet. Current tenant is expanding and relocating to GTA - property will be vacant as of October 1st. Located across from Kala's Home Hardware and just down the street from Pathstone, the hospital and all shopping and restaurants along 4th Avenue. Less than 5 minute drive to QEW and the 406. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$12
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

8.20%

DSCR

1.44

Going-in cap

8.00%

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

54,753

Households

21,454

Median income

$95,500

Median age

45.9

Daytime population

85,613

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for 1387 FOURTH AVENUE, St. Catharines (Rural Fourth).

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.