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Price on request
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Asset Class
Office
Size
—
Building class
A
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
92%
Year Built
1990
Professional office space available for lease in Summerside, PEI. Suite 5 offers a larger and versatile layout consisting of three rooms plus access to a shared kitchenette. The suite features a main reception or work area, an additional office/den, a smaller private office, and three windows providing natural light. A water hookup is also available within the main reception area, offering additional flexibility for a variety of professional or service-based uses. Heat and electricity are included in the monthly rent. The shared kitchenette is conveniently accessible from the suite and includes access to a fire exit. The space is well suited to a professional office, consulting practice, or service-based business requiring multiple work areas. Located within a professionally managed, secure commercial building, tenants benefit from 24/7 access and on-call maintenance. Parking options are also available. Minimum one-year lease required. Some photos have been virtually staged to illustrate the property's potential. Measurements are based on older floor plans and are approximate. Buyers are advised to verify all measurements. $850 per month HST included. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$79K
Annual cash flow
$-4K
Cash-on-cash
-0.97%
DSCR
0.95
Going-in cap
5.25%
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.
Trade area within 3 miles of the property.
Population
86,941
Households
36,874
Median income
$125,000
Median age
37.7
Daytime population
113,487
5-yr growth
6.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for Suite 5 216 Water Street, Summerside.
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.