For Lease · Retail

3000 LAWRENCE AVENUE E, Toronto (Bendale)

3000 LAWRENCE AVENUE E, Toronto (Bendale), ON M1P2V1

$15 per sq ft / yr

16,083.49 SF

Asset Class

Retail

Size

16,083.49 SF

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

$0

Occupancy

88%

About this property

Excellent leasing opportunity at 3000 Lawrence Ave E, ideally located near Lawrence Ave E & McCowan Rd. Building A is an established medical/professional office building containing approximately 16,083 SF of total rentable area, with approximately 11,875 SF currently available across the lower, main and second floors. Space is divisible to accommodate a variety of tenant requirements, including individual suites, multiple units or larger floor configurations. The property has a long history of medical and healthcare uses and is well suited for medical, dental, healthcare and professional office users. Building features include elevator access, multiple washrooms, surface parking and convenient access to public transit and major roadways. Net Rent starts at $15.00 PSF/annum with scheduled annual increases. Estimated TMI: $13.50 PSF/annum including electricity and gas. Landlord prefers a 5-year initial lease term with an additional 5-year renewal option. Immediate possession available for vacant premises. All uses subject to zoning and Landlord approval. Tenant/Co-op Agent to verify permitted use, measurements and all information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$15
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

1.08%

DSCR

1.06

Going-in cap

5.87%

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.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics5,229 SF2029-12
Vector Robotics3,290 SF2029-12
Vector Robotics2,075 SF2029-12
Vector Robotics3,608 SF2029-12

Area demographics

Trade area within 3 miles of the property.

Population

77,556

Households

31,781

Median income

$80,000

Median age

45.4

Daytime population

115,119

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 3000 LAWRENCE AVENUE E, Toronto (Bendale).

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.