Business For Sale · Office

4 - 855 KINGSTON ROAD, Toronto (The Beaches)

4 - 855 KINGSTON ROAD, Toronto (The Beaches), ON M4E1R9

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

86%

About this property

8.5' x 11.5' private office available for lease individually or in any combination, in a shared professional office setting in the heart of Kingston Rd Village in the Upper Beaches. Suitable for a variety of professional, office and service based uses. Excellent location with high visibility and foot traffic, with Beach Health as a tenant above and the YMCA directly across the street. Shared waiting area, kitchen and bathroom. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

59,195

Households

24,303

Median income

$121,500

Median age

37

Daytime population

59,545

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for 4 - 855 KINGSTON ROAD, Toronto (The Beaches).

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.