Business For Sale · Office

365 5991 Spring Garden Road, Halifax

365 5991 Spring Garden Road, Halifax, NS B3H1Y6

Price on request

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Asset Class

Office

Size

—

Building class

C

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

100%

Year Built

1966

Lot Size

0.9487 ac

About this property

Updated Office Space on Spring Garden Road! Located on the third floor of 5991 Spring Garden Road, Suite 365 offers 939 sf of bright, move-in-ready office space in one of Halifax's best-known professional addresses. The suite overlooks Robie Street and features recently updated finishes throughout. The layout is practical and flexible. A welcoming waiting area greets clients as they arrive. Beyond it, an open collaborative work area gives your team room to work together, while two private offices provide space for meetings, confidential calls, or focused work. A kitchen and dedicated storage complete the space. This suite suits a wide range of professional users, including health and wellness practitioners, consultants, financial and legal professionals, and small teams wanting a polished, central location. The building is steps from the Spring Garden Road shopping district, the Halifax Public Gardens, hospitals, universities, and public transit. Restaurants, cafés, banks, and services are all within easy walking distance. Available on notice. The suite is currently tenanted, so 24 hours' notice is required for all showings. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$89K

Annual cash flow

$6K

Cash-on-cash

1.31%

DSCR

1.07

Going-in cap

5.94%

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

91,935

Households

35,148

Median income

$110,500

Median age

34.3

Daytime population

152,274

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 365 5991 Spring Garden Road, Halifax.

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.