Business For Sale · Office

501A - 3950 14TH AVENUE, Markham (Milliken Mills West)

501A - 3950 14TH AVENUE, Markham (Milliken Mills West), ON L3R0A9

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CO — Commercial Office

$ / SF

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Occupancy

95%

About this property

Includes TMI and all utilities. Large bright office room for lease directly from Landlord in a professional office property. Spacious and functional layout featuring a full wall of large windows with excellent natural light, open views, and a comfortable working environment. Tenant will share interior common areas within the property. Ideal for a variety of small and medium-sized business office uses. Existing tenants are professional companies with a clean, quiet, and well-maintained working environment. Convenient location with easy access to major roads and transit. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

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

136,564

Households

54,370

Median income

$123,500

Median age

34.5

Daytime population

147,435

5-yr growth

7%

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

Secure deal room

Confidential diligence documents for 501A - 3950 14TH AVENUE, Markham (Milliken Mills West).

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.