For Sale · Office

304 - 720 SPADINA AVENUE, Toronto (University)

304 - 720 SPADINA AVENUE, Toronto (University), ON M5S2T9

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

95%

About this property

An exceptional midtown sublease opportunity awaits at 720 Spadina Avenue, Unit 304. Located at the base of a 17-storey mixed-use building, this 1,855 SF office suite is completely move-in ready. Offering an incredibly functional layout and prime location, this suite is perfectly suited for a wide range of professional services or boutique firms looking for a presence in the vibrant University/Annex neighborhood. The suite's thoughtful floorplan maximizes both natural light and collaborative space, featuring glass-fronted private offices and excellent internal amenities. Located strategically across from the University of Toronto downtown campus, the building boasts a "Walker's Paradise" walk score and is considered a premier transit location, sitting just steps from the Spadina Subway Station and Spadina LRT. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

47,889

Households

20,713

Median income

$74,500

Median age

41.8

Daytime population

68,564

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 304 - 720 SPADINA AVENUE, Toronto (University).

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.