550 CONCESSION Street, Hamilton550 CONCESSION Street, Hamilton — photo 2550 CONCESSION Street, Hamilton — photo 3550 CONCESSION Street, Hamilton — photo 4550 CONCESSION Street, Hamilton — photo 5
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For Sale · Office

550 CONCESSION Street, Hamilton

550 CONCESSION Street, Hamilton, ON L8V1A9

Price on request

1,150 SF

Asset Class

Office

Size

1,150 SF

Building class

C

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

85%

Lot Size

0.165 ac

About this property

Approx 1,150 sf plus full basement. Well exposed Retail/Office space in prominent location on Concession Street. Bright open space with an office at rear of space. Front Fascia Signage space available. Semi-gross Lease with Tenant paying Heat & Hydro over and above rent. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP981 SF2034-01

Area demographics

Trade area within 3 miles of the property.

Population

118,293

Households

45,594

Median income

$118,000

Median age

32.5

Daytime population

101,948

5-yr growth

8.1%

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

Secure deal room

Confidential diligence documents for 550 CONCESSION Street, Hamilton.

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.