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For Lease · Specialty

379 Parkview ROAD, Yorkton

379 Parkview ROAD, Yorkton, SK S3N2L4

$1,750 per sq ft / yr

1,797 SF

Asset Class

Specialty

Size

1,797 SF

Building class

Zoning

DC2 — Site Specific

$ / SF

Occupancy

90%

Year Built

1977

About this property

Prime medical, pharmacy or professional space for lease in the well-established Parkview Plaza in Yorkton. Formerly occupied by HearingLife, this professionally improved commercial unit. It is well suited for a pharmacy, medical clinic, physician, nurse practitioner, hearing clinic, physiotherapy, counselling, medical aesthetics, optometry, dental practice or other healthcare and professional services. The functional layout includes a reception and waiting area, multiple private offices or treatment rooms, storage space, a washroom and an accessible entrance. Interior improvements include updated flooring, ceilings, LED lighting and doors, helping reduce the improvements required for a new tenant. Conveniently located near the Yorkton Regional hospital, schools, apartment buildings and established residential neighbourhoods, the property offers excellent accessibility and ample on-site parking for patients, customers and staff. Parkview Plaza is home to several established, long-term businesses, providing a stable and professional commercial environment. An excellent opportunity to establish or expand a healthcare, pharmacy or professional service business in Yorkton. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$2K

Down payment30% · $525

Interest rate6.25%

Amortization25 years

Occupancy90%

Expense growth2.5%

Monthly debt service

Projected NOI

$89

Annual cash flow

$-8

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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)

Tenant	Suite	Area	Rent / SF	Expiry
Meridian Health Group	330	962 SF	$27.36	2032-10
Meridian Health Group	330	400 SF	$27.48	2033-10
Meridian Health Group	330	400 SF	$27.12	2033-10
Meridian Health Group	330	400 SF	$27.24	2033-10

Area demographics

Trade area within 3 miles of the property.

Population

49,679

Households

21,907

Median income

$136,000

Median age

36.7

Daytime population

59,831

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 379 Parkview ROAD, Yorkton.

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.