Business For Sale · Office

306 - 1550 KINGSTON ROAD, Pickering (Town Centre)

306 - 1550 KINGSTON ROAD, Pickering (Town Centre), ON L1V1C3

Price on request

—

Asset Class

Office

Size

—

Building class

B

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

87%

About this property

Attractive, Very Well Kept Building In The Heart Of Pickering. Located On Kingston Road And Close To Go Transit, Pickering Transit And Highway 401 Via Brock Road Interchange. Full Amenities Are Available Both On-Site And Within Easy Walking Distance, Including The Pickering Town Centre. The Space Is Nicely Finished With A Good Combination Of Private Offices And Open Area. Building Signage Is Available With Over 30,000 Vehicles Passing Daily. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

45,548

Households

17,943

Median income

$125,000

Median age

37.7

Daytime population

47,253

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 306 - 1550 KINGSTON ROAD, Pickering (Town 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.