For Sale · Office

UNIT 7 - ROOM 1 & 2 - 71 INNOVATION DRIVE, Vaughan (West Woodbridge)

UNIT 7 - ROOM 1 & 2 - 71 INNOVATION DRIVE, Vaughan (West Woodbridge), ON L4H0S3

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

90%

About this property

Two private office rooms totalling approx. 240 sq ft inside a busy basketball training facility at Hwy 27 and Langstaff in Woodbridge. Room 1 is approx. 86 sq ft and Room 2 is approx. 154 sq ft, offered together as one sublease at $1,400 per month. Having two separate rooms gives you options: use one for treatments or sessions and the other as an office or reception area, or share the space with a second practitioner. Both rooms are sun filled, and the space is quiet during the day, which gives you a calm setting to see clients, run sessions or catch up on admin work. The facility has steady foot traffic from the athletes who train there, a natural fit for a practice that works with active people. Well suited to physiotherapists, massage therapists, sports rehab practitioners, trainers and startups looking for a private office in a sports focused setting. Tenants have access to the facility amenities. The space has air conditioning, gas forced air heating and sprinklers. Utilities are included and TMI is $0, which keeps monthly costs simple. Gross lease with a 12 month term. Available for immediate possession. Zoned EM1. Tenant to verify that their intended use is permitted under the zoning, and to verify all measurements and details. (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

144,246

Households

56,670

Median income

$104,000

Median age

45.6

Daytime population

139,168

5-yr growth

7.6%

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

Secure deal room

Confidential diligence documents for UNIT 7 - ROOM 1 & 2 - 71 INNOVATION DRIVE, Vaughan (West Woodbridge).

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.