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Business For Sale · Office

59 COLLIER STREET, Barrie (City Centre)

59 COLLIER STREET, Barrie (City Centre), ON L4M1G7

Price on request

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Asset Class

Office

Size

—

Building class

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

93%

About this property

Prime Downtown Barrie Office On Collier St, Steps From City Hall, The Courthouse And The Waterfront. Approx. 2,485 Sq Ft Of Move-In Ready Professional Space Over 3 Levels. Private Offices, An Open Work Area, Meeting Room, Kitchen And Washrooms, Plus A Finished Lower Level With Its Own Washroom And Kitchenette. Front And Rear Entrances: Clients Walk In Off Collier, Staff Come And Go From The Back, With Parking At The Rear. C1-2 Central Area Commercial Zoning Supports A Wide Range Of Professional And Commercial Uses. Ideal For Law, Accounting, Financial, Insurance, Real Estate, Medical Admin Or Consulting Firms That Want An Address Their Clients Already Know. Walk Score 96, With Banks, Restaurants, Transit, The Farmers Market And Memorial Square At Your Door, And Major New Residential Towers Rising Nearby. $18.50/Sq Ft/Yr Including Utilities, Plus TMI (Est. $5.50/Sq Ft/Yr) And HST. No Separate Utility Bills. Low TMI For Downtown. Flexible Possession. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$1.50M

Down payment30% · $450K

Interest rate6.25%

Amortization25 years

Occupancy93%

Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

111,707

Households

38,666

Median income

$70,500

Median age

38.8

Daytime population

159,514

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 59 COLLIER STREET, Barrie (City Centre).

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.