Business For Sale · Office

505 Old King George ..., Miramichi

505 Old King George ..., Miramichi, NB E1V1J8

Price on request

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Asset Class

Office

Size

—

Building class

A

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

98%

Year Built

1975

Lot Size

0.11490390080210336 ac

About this property

BEAUTIFULLY FINISHED PROFESSIONAL OFFICE SPACE FOR LEASE MIRAMICHI WEST Looking for a professional space to establish or grow your business? This is an excellent opportunity in a convenient business district location, just off King George Highway in Miramichi West. Located on the lower level of an established professional business, this tastefully designed space offers over 1,500 sq. ft. of finished interior space, featuring a functional layout and a welcoming professional atmosphere. The rental space includes multiple private offices, a boardroom, reception area, comfortable sitting area, washroom, kitchen and additional storage. Whether you are starting a new business, expanding your current operation or looking for a more professional setting, this space offers plenty of possibilities. Additional features include paved parking and convenient access to major routes and nearby amenities. IDEAL FOR A VARIETY OF PROFESSIONAL USES, including accounting and bookkeeping services, insurance offices, mortgage brokers, financial services, consulting businesses, administrative offices, counselling services, wellness practitioners and other professional or appointment-based businesses. AN ADDED BONUS GROSS LEASE! Enjoy the convenience of one predictable monthly rental payment, making it easier to budget for your business. FLEXIBLE LEASE OPPORTUNITY: Possibility of a lease term of up to five years. A fantastic opportunity to secure a well-appointed business location in Miramichi West! Contact your favourite REALTOR® today to arrange a private preview and discuss specific lease terms and details. | HST Applicable (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

119,246

Households

42,441

Median income

$104,500

Median age

32.7

Daytime population

198,275

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 505 Old King George ..., Miramichi.

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.