Business For Sale · Office

1556 TOPSAIL Road, PARADISE

1556 TOPSAIL Road, PARADISE, Newfoundland & Labrador A1L1R7

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

CO — Commercial Office

$ / SF

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Occupancy

95%

About this property

PRIME LOCATION ON TOPSAIL ROAD for lease WITH GOOD EXPOSURE , approximately 1000 of open floor space plus a storage room and a separate washroom . large parking lot at the rear of the building with multiple vehicle parking , large store front windows , HIGH VISABLILITY , signage , lease is POU AND includes snow clearing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

89,672

Households

35,967

Median income

$81,000

Median age

43.9

Daytime population

125,507

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 1556 TOPSAIL Road, PARADISE.

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.