Business For Sale · Office

32 QUEEN STREET W, Brampton (Downtown Brampton)

32 QUEEN STREET W, Brampton (Downtown Brampton), ON L6X1A1

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

88%

About this property

Amazing full freestanding building available for lease in downtown Brampton. Largest block or retail/office space available in the downtown core. Steps to every amenity imaginable and in very close proximity to an abundance of free municipal parking at city hall and 4 story parking structure directly behind the building. Some onsite parking as well. The building backs onto the future site of the new centre for innovation to be constructed and will benefit from all of the ongoing and proposed projects happening downtown Brampton. Projects include ongoing streetscape upgrades, re-development of Garden Square and Ken Whillans Square, huge upgrades to transit and the Riverwalk which will divert flood risk from downtown Brampton intensifying development opportunities in the downtown. Previous user was an insurance company and the space is built out as office. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

50,489

Households

18,059

Median income

$114,500

Median age

35.5

Daytime population

59,985

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 32 QUEEN STREET W, Brampton (Downtown Brampton).

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.