For Sale · Office

14 FIFTH AVENUE, Orangeville

14 FIFTH AVENUE, Orangeville, ON L9W1G2

$4.0M total

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

88%

About this property

14 Fifth Avenue offers an opportunity to purchase a fully tenanted, single storey commercial medical building in downtown Orangeville. Located within Orangeville's downtown core, this commercial property features C2 zoning and is currently occupied by established medical tenants, providing immediate rental income for an investor. The single storey layout offers convenient, accessible movement throughout the building and is well suited to its current medical use. The property is within walking distance of shopping, restaurants and other downtown Orangeville amenities, with access to public transportation nearby. Ample on site parking provides added convenience for patients, staff and visitors. For investors seeking a tenanted commercial property for sale in Orangeville, 14 Fifth Avenue combines established medical tenancy, C2 zoning, parking and a well connected downtown location. (id:66811)

Financial sandbox

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Estimate
Purchase price$3.95M
Down payment30% · $1.19M
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$18K

Projected NOI

$209K

Annual cash flow

$-10K

Cash-on-cash

-0.83%

DSCR

0.96

Going-in cap

5.29%

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

53,768

Households

22,701

Median income

$109,000

Median age

32.3

Daytime population

61,931

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 14 FIFTH AVENUE, Orangeville.

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.