Business For Sale · Office

385 East White Hills Road Unit#B, St.Johns

385 East White Hills Road Unit#B, St.Johns, Newfoundland & Labrador A1A5X7

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CO — Commercial Office

$ / SF

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Occupancy

90%

About this property

Looking for a bright, modern office in a convenient location? This downstairs space offers a professional, comfortable environment ideal for a variety of office based businesses for just $2500 plus hst monthly. This must see office space includes a common area, bathroom, utilities, business tax, snow clearing and parking. Want to make your vision come to life? The owner is willing to work with the successful tenant to accommodate renovations and modifications to suit their specific business needs! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

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.

Area demographics

Trade area within 3 miles of the property.

Population

54,108

Households

20,319

Median income

$136,000

Median age

36.7

Daytime population

70,518

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 385 East White Hills Road Unit#B, St.Johns.

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.