For Lease · Office

B2 - 1955 KING STREET E, Hamilton (Bartonville)

B2 - 1955 KING STREET E, Hamilton (Bartonville), ON L8K1W2

$8 per sq ft / yr

—

Asset Class

Office

Size

—

Building class

B

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

99%

About this property

Ideally situated lower level medical/office space on King Street East with high visibility in prosperous Rosedale neighbourhood! Ideal for medical, but perfectly viable for professional office or dance/yoga studio. Includes ample parking, full accessibility for wheelchair (including elevator and bathrooms), concrete floor decks, and several means of access to and from rear parking and front entrance. Directly across from Rosedale Plaza and steps to massive former Brock University campus redevelopment that will see 1,300 residential units added to the neighbourhood. Existing tenants include financial services, dentistry, personal training and rehab, and more! Don't miss this opportunity to secure top tier professional space at a reasonable rate in a burgeoning neighbourhood! Rent is net - $8.00 PSF plus $12.50 PSF additional rent, which includes TMI and heat/AC. 1,889 SF useable area, 2,331 SF rentable area. Landlord willing to work with qualified, experienced tenants on buildout and unit completion, including construction of a private washroom. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$8
Down payment30% · $2
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$0

Annual cash flow

$-0

Cash-on-cash

-18.47%

DSCR

0.00

Going-in cap

0.00%

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

99,556

Households

36,988

Median income

$78,000

Median age

41.1

Daytime population

165,473

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for B2 - 1955 KING STREET E, Hamilton (Bartonville).

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.