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For Lease · Office

UPPER - 426 THIRD STREET, London East (East H)

UPPER - 426 THIRD STREET, London East (East H), ON N5W4W6

$13 per sq ft / yr

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Asset Class

Office

Size

—

Building class

C

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

98%

About this property

1,866 Sq Ft of recently renovated 2nd floor office space available. Unit contains 3 individual offices, 2 large conference rooms, a common area with kitchenette, and 2 washrooms. Large windows provide an abundance of natural light throughout the space. Property includes ~32 parking spaces located at the rear and 2 outdoor green spaces. Zoning permits medical, office, and service-based uses. The unit is being offered at $13/Sq Ft + $5/Sq Ft (TMI) and utilities (hydro and water). 1st floor unit (1,866 sq ft) also available with opportunity to lease both floors. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$13
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

6.66%

DSCR

1.36

Going-in cap

7.54%

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

119,265

Households

45,145

Median income

$122,000

Median age

35.1

Daytime population

118,942

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for UPPER - 426 THIRD STREET, London East (East H).

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.