For Lease · Office

1 - 21 ESSA ROAD, Barrie (Allandale Centre)

1 - 21 ESSA ROAD, Barrie (Allandale Centre), ON L4N3K4

$16.95 per sq ft / yr

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

97%

About this property

Highly visible end-cap office opportunity offering approximately 3,000 sq. ft. on the main floor plus approximately 800 sq. ft. of finished lower-level space included at no additional base rent. Available as one complete premises or divisible according to tenant requirements, with potential configurations of approximately 1,000 and 2,000 sq. ft. The existing professional layout includes multiple glass-partitioned private offices, reception and work areas, abundant natural light, a full kitchen/staff area, three washrooms including an accessible washroom, and wheelchair-ramp access. The prominent corner location provides extensive glass frontage, strong street exposure and excellent signage opportunities. The lower level offers valuable additional space for ancillary storage, records or business support use. Convenient on-site plaza parking is available for staff and visitors. Directly across from the Allandale Transit Terminal and minutes from the Allandale Waterfront GO Station, downtown Barrie, the waterfront and Highway 400. Well suited to professional, medical, wellness, education, consulting, insurance and other office or service-oriented users, subject to zoning and applicable approvals. (id:66811)

Financial sandbox

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Estimate
Purchase price$17
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

0.60%

DSCR

1.03

Going-in cap

5.72%

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

103,136

Households

44,202

Median income

$124,000

Median age

37.6

Daytime population

145,785

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 1 - 21 ESSA ROAD, Barrie (Allandale Centre).

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.