Business For Sale · Office

104 - 15 CATHARINE STREET S, St. Thomas

104 - 15 CATHARINE STREET S, St. Thomas, ON N5P2V7

Price on request

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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

95%

About this property

Located one block from Talbot Street adjacement to the new daycare and across the street from the new public park in downtown St Thomas. This 250 square foot office has 2 separate offices and a small entrance hallway. The washrooms are common and adjacent to the unit. The building has been totally updated with newer lighting, heating and air conditioning. Excellent location for you professional office. Please note that the monthly rental of $650 plus HST includes heat, hydro and common area fees. All leases require first and last months rent plus a security deposit of $1,000.00 (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

102,778

Households

39,135

Median income

$90,000

Median age

45.1

Daytime population

139,645

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for 104 - 15 CATHARINE STREET S, St. Thomas.

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.