Business For Sale · Retail

233 Brady Unit# 8-9, Sudbury

233 Brady Unit# 8-9, Sudbury, ON P3E3E2

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

87%

About this property

2142 square feet of premium finished office space in active commercial complex Brady Square. Main floor access and high visibility. With new residential space coming on-stream in the next 18 months, this will be a location that will generate a great deal of attention and foot traffic to a wide assortment of commercial enterprises. With constructions of the new Sudbury arena, there are limitless opportunities for this space. Mall currently houses Weaver Simmons, a variety of small businesses and financial services companies. This space was improved by CBI and boasts several rooms perfect for medical services and easy access for clients. With main floor access, the property lends itself to businesses that operate outside of regular 9-5 hours. Reasonable rent at $21.00 per foot and competitive CAM rates (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

54,275

Households

24,603

Median income

$84,500

Median age

43.1

Daytime population

70,929

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for 233 Brady Unit# 8-9, Sudbury.

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.