Business For Sale · Office

310 - 7191 YONGE STREET, Markham (Grandview)

310 - 7191 YONGE STREET, Markham (Grandview), ON L3T0C4

$778,000 total

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Asset Class

Office

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

92%

About this property

Position your business for success in this well-designed 1,002 sq. ft. professional office at Office on Yonge, within the World on Yonge complex at Yonge & Steeles. The efficient layout offers a welcoming reception area, six private offices,a meeting room and lunch room-well suited to medical, dental and other professional users, subject to applicable approvals. Located in a high-traffic mixed-use destination surrounded by established businesses, indoor shopping,restaurants, a supermarket, banking, residential towers and a hotel. Convenient public transit and major-route access,together with underground visitor parking, provide excellent accessibility for clients and staff. A compelling opportunity for an owner-user or investor seeking a functional office in a prominent Yonge Street location. (id:66811)

Financial sandbox

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Estimate
Purchase price$778K
Down payment30% · $233K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$45K

Annual cash flow

$1K

Cash-on-cash

0.64%

DSCR

1.03

Going-in cap

5.73%

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

44,076

Households

19,995

Median income

$65,000

Median age

37.7

Daytime population

55,517

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for 310 - 7191 YONGE STREET, Markham (Grandview).

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.