Business For Sale · Office

570 5991 Spring Garden Road, Halifax

570 5991 Spring Garden Road, Halifax, NS B3H1Y6

Price on request

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Asset Class

Office

Size

—

Building class

B

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

86%

Year Built

1966

Lot Size

0.9487 ac

About this property

Suite 570 at Halifax Professional Centre offers an efficient 322 square feet of professional office or treatment space in the low-rise portion of the building. The suite features a private treatment or office area with an exterior window, a kitchenette, modern finishes and a small waiting room. Its compact layout is well suited to an independent healthcare, wellness or professional service provider looking for a polished space in an established professional setting. Availability is negotiable. Located at the prominent intersection of Spring Garden Road and Robie Street, Halifax Professional Centre is home to a strong mix of medical, wellness and professional tenants. The accessible building offers elevator service, on-site parking for tenants and visitors, and the added convenience of an on-site pharmacy and food services. This central Halifax location is within walking distance of hospitals, universities, banks, restaurants, cafés, shops and a wide range of professional services. Public transit is readily available along both Spring Garden Road and Robie Street, making the property convenient for clients, patients and staff travelling from throughout Halifax. An excellent opportunity for a small practice or professional seeking a private, well-located space with established building amenities. $970/month plus HST. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

70,388

Households

27,029

Median income

$131,000

Median age

38.1

Daytime population

68,045

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for 570 5991 Spring Garden Road, Halifax.

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.