Business For Sale · Office

205 - 1315 PICKERING PARKWAY, Pickering (Town Centre)

205 - 1315 PICKERING PARKWAY, Pickering (Town Centre), ON L1V3P2

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

95%

Lot Size

1509 ac

About this property

Rare opportunity to sublease a beautifully finished, fully furnished professional office space in one of Pickering's desirable office buildings! Forget the expense, time and hassle of setting up a new office. Simply bring your computers and get to work! This modern, upscale workspace offers a professional atmosphere that will impress clients and elevate your business from day one. Featuring 3 private offices plus a spacious open-concept work area with its own door separating it from the shared facilities, providing privacy and flexibility for your team. Enjoy access to a stunning glass-enclosed boardroom, welcoming reception area, kitchen and eating area, all shared with the existing tenant. Stylish, quality office furniture is included in the monthly rent, making this a truly turnkey opportunity. Located in a well-maintained professional office building surrounded by established businesses, just steps from Pickering Town Centre, restaurants, shopping and public transit, with convenient access to GO Transit and Highway 401. Ideal for professionals, consultants and growing businesses looking for an impressive office without a long-term commitment. Sublease available until November 29, 2028, with potential for renewal subject to head landlord approval. Approximately 1,509 sq. ft. including an allocation for shared facilities. Monthly rent of $3,500 + HST. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

52,038

Households

18,417

Median income

$90,500

Median age

45

Daytime population

78,543

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 205 - 1315 PICKERING PARKWAY, 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.