For Sale · Specialty

254 Main Street, Fredericton

254 Main Street, Fredericton, NB E3A1C9

$2.9M total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

84%

Lot Size

1.0069535392872497 ac

About this property

Commercial property located in a high traffic location in Fredericton North. This fully renovated property with excellent tenants is ready for a new owner. Loads of parking, high visability and low maintenance make this an excellent investment (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.89M
Down payment30% · $867K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$13K

Projected NOI

$179K

Annual cash flow

$19K

Cash-on-cash

2.22%

DSCR

1.12

Going-in cap

6.21%

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

132,604

Households

46,820

Median income

$83,000

Median age

39.3

Daytime population

212,528

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for 254 Main Street, Fredericton.

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.