Business For Sale · Office

E - 1 LAKE STREET, Prince Edward County (Picton Ward)

E - 1 LAKE STREET, Prince Edward County (Picton Ward), ON K0K2T0

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

87%

About this property

Office Space In The Heart of Picton. Well Maintained, High-Profile Building. Enjoy A Practical Layout, Reliable Amenities, And A Convenient Location That Makes Day-To-Day Operations Seamless. A Smart, Cost-Effective Solution For Businesses Looking To Establish Or Expand Their Presence In The County. Rent Includes Utilities, WIFI And Dedicated Parking Spaces. The Layout Is Ideal For Medical, Legal, Accounting, Wellness, Or Professional Services. (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

119,013

Households

45,763

Median income

$122,000

Median age

33.8

Daytime population

199,679

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for E - 1 LAKE STREET, Prince Edward County (Picton Ward).

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.