For Sale · Industrial

26 - 180 PARSONS ROAD, New Tecumseth (Alliston)

26 - 180 PARSONS ROAD, New Tecumseth (Alliston), ON L9R1E8

$379,900 total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IB — Industrial Business

$ / SF

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Occupancy

99%

Clear height

24 ft

Loading docks

6

About this property

Own your office space instead of renting it. This approximately 1,265 sq. ft. ground-floor condominium unit in Alliston is currently set up as a medical office, with a layout offering potential for other business uses permitted under EA1 zoning. The space includes a reception desk and waiting area, four exam rooms, a private office, a kitchenette and two washrooms. Interior access to attic storage adds practical storage space. Surface parking is available at the front, with a rear exit opening to additional parking. Conveniently located near Stevenson Memorial Hospital, Highway 89 and the Honda plant, with connections to Highway 400. Zoned EA1 (Employment Area One). An opportunity for an owner-user or investor. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$380K
Down payment30% · $114K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$20K

Annual cash flow

$-2K

Cash-on-cash

-1.35%

DSCR

0.93

Going-in cap

5.14%

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

51,953

Households

18,591

Median income

$98,500

Median age

44.1

Daytime population

73,488

5-yr growth

7.2%

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

Secure deal room

Confidential diligence documents for 26 - 180 PARSONS ROAD, New Tecumseth (Alliston).

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.