Business For Sale · Office

396 5991 Spring Garden Road, Halifax

396 5991 Spring Garden Road, Halifax, NS B3H1Y6

Price on request

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Asset Class

Office

Size

—

Building class

C

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

87%

Year Built

1966

Lot Size

0.9487 ac

About this property

Suite 396 at Halifax Professional Centre offers 1,319 square feet of bright, functional office space in the low-rise portion of the building. Positioned on a corner at the rear of the property, the suite features three private offices, each with a window, along with an open area suited to collaborative work, additional workstations or an informal meeting space. The layout also includes a kitchen and a separate flexible area that could accommodate another workstation, a copier and printing station, filing or general storage. This practical combination of private offices and shared workspace makes the suite well suited to a professional, healthcare or wellness organization. Located at the prominent intersection of Spring Garden Road and Robie Street, Halifax Professional Centre is an accessible, established building with a strong mix of medical, wellness and professional tenants. Amenities include elevators, on-site parking for tenants and visitors, an on-site pharmacy and food services. The property is within walking distance of hospitals, universities, banks, restaurants, cafés, shops and professional services. Convenient public transit along Spring Garden Road and Robie Street provides easy access for employees, clients and patients travelling from throughout Halifax. Availability is negotiable. $3968/month+HST (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

83,390

Households

33,873

Median income

$124,000

Median age

34.2

Daytime population

132,717

5-yr growth

1.3%

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

Secure deal room

Confidential diligence documents for 396 5991 Spring Garden Road, Halifax.

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.