Business For Sale · Office

226 - 7181 WOODBINE AVENUE, Markham (Milliken Mills West)

226 - 7181 WOODBINE AVENUE, Markham (Milliken Mills West), ON L3R1A3

Price on request

2,683 SF

Asset Class

Office

Size

2,683 SF

Building class

A

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

88%

About this property

A brightly 2683 Sq Ft office unit in second floor at prime location for sublease! Newly renovated and move-in ready, featuring a modern and professional office environment. Ideally situated minutes North of woodbine avenue and steeles avenue, with excellent access to Highways 404 and 407. TTC and Viva Transit Stops are within walking distance. Ample free on-site parking available for tenants. An excellent opportunity for businesses seeking a convenient, accessible, and professional office space. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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 Robotics1,230 SF2033-03
Vector Robotics1,141 SF2033-03

Area demographics

Trade area within 3 miles of the property.

Population

39,997

Households

17,488

Median income

$91,000

Median age

32.5

Daytime population

42,334

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 226 - 7181 WOODBINE AVENUE, Markham (Milliken Mills West).

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.