For Lease · Office

419 - 720 SPADINA AVENUE, Toronto (University)

419 - 720 SPADINA AVENUE, Toronto (University), ON M5S2T9

$25 per sq ft / yr

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

98%

About this property

Office space available in a 17-storey mixed-use tower in the vibrant Bloor/Annex neighbourhood. Built out with a reception area, 12 private offices, large separate boardroom, storage, kitchenette and lots of windows. Perfect for medical use. Steps from the Spadina subway station and Spadina streetcar. Tons of great amenities in the immediate area, including grocery stores, cafes, restaurants, and more. Easy TTC Access - minutes to Spadina subway, 5 min to St George station, and direct Spadina LRT to Harbour frontand Union Station. Street-front, visitor surface parking and underground parking at $175/stall/month. (id:66811)

Financial sandbox

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Estimate
Purchase price$25
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$1

Cash-on-cash

7.06%

DSCR

1.38

Going-in cap

7.66%

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

122,360

Households

48,869

Median income

$88,000

Median age

44.7

Daytime population

131,183

5-yr growth

7%

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

Secure deal room

Confidential diligence documents for 419 - 720 SPADINA AVENUE, Toronto (University).

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.