Business For Sale · Office

240 SYNDICATE AVENUE S, Thunder Bay (McKeller Park)

240 SYNDICATE AVENUE S, Thunder Bay (McKeller Park), ON P7E1C8

Price on request

1,950 SF

Asset Class

Office

Size

1,950 SF

Building class

C

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

83%

About this property

NEW LISTING! Beautiful Floor-to-Ceiling Windows in this 2nd Floor Office Space Facing Arthur Street East in Downtown Fort William. Six Spacious, Newly Renovated Offices, One Generously Sized Boardroom, Two Washrooms, and a Large Reception Area. New Paint and Flooring Throughout. Heat, A/C, Water, and Parking are Included. Rent is Plus Hydro. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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
Blue Harbour Design1,609 SF2027-03

Area demographics

Trade area within 3 miles of the property.

Population

89,293

Households

34,576

Median income

$93,500

Median age

31.3

Daytime population

93,739

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 240 SYNDICATE AVENUE S, Thunder Bay (McKeller Park).

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.