Business For Sale · Office

2 Industrial Park, Springdale

2 Industrial Park, Springdale, Newfoundland & Labrador A0J1T0

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

84%

Year Built

2000

About this property

Beautiful modern 2400 sf office space for lease!!! Four separate office spaces plus large area for cubicle and general office space, 18 x 24 conference room will coffee bar, 21 x 14 kitchen with dishwasher, file cabinet room and wheel chair accessible washroom. Great office space or maybe you have another business that you would like to set up in this area of town, 1460 sf optional garage area that can also be leased with the office space or leased separately. (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

118,727

Households

51,772

Median income

$136,500

Median age

37.9

Daytime population

138,100

5-yr growth

6.3%

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

Secure deal room

Confidential diligence documents for 2 Industrial Park, Springdale.

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.