Business For Sale · Office

61 Winter Street, Sussex

61 Winter Street, Sussex, NB E4E2J3

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

CO — Commercial Office

$ / SF

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Occupancy

84%

Lot Size

0.3246961842020727 ac

About this property

Excellent leasing opportunity in the heart of downtown Sussex! This prime location offers great visibility, ample parking and convenience, within walking distance of banks, restaurants, shopping and other local businesses. Previously operated as a dry cleaning business, the premises have been completely emptied, providing a spacious, wide-open area ready to accommodate a variety of business needs. The layout also includes a reception area, private office, bathroom and additional storage space in the basement. With its versatile layout, plenty of parking and central location, this property offers endless possibilities for office space, retail, restaurant, storage or other commercial uses. Whether youre starting a new business, expanding an existing one or looking for a convenient downtown location, this space is worth exploring. Minimum one-year lease required. Monthly rent is $2,850.00. Bring your ideas, come take a look and let your imagination do the rest! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

65,721

Households

23,859

Median income

$121,000

Median age

36.1

Daytime population

65,870

5-yr growth

4.9%

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

Secure deal room

Confidential diligence documents for 61 Winter Street, Sussex.

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.