Business For Sale · Office

202 - 28 OWEN STREET, Barrie (City Centre)

202 - 28 OWEN STREET, Barrie (City Centre), ON L4M3G7

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

98%

About this property

Prime Office space located in Central Core of Barrie, walk to the waterfront, shopping and restaurants. Separate entrance office space with common area hallway. Office space includes reception area and 2 private offices. Professional office space for legal, financial and other small business. Unit 202, Building 28 Owen Street-right side door entrance to common hallway. 525 sqft. Asking $790 per month + hst. 1-5 year lease available. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

119,641

Households

42,347

Median income

$124,000

Median age

33.1

Daytime population

195,357

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 202 - 28 OWEN STREET, Barrie (City Centre).

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.