Business For Sale · Office

603 3rd AVENUE N, Saskatoon

603 3rd AVENUE N, Saskatoon, SK S7K2J8

Price on request

1,797 SF

Asset Class

Office

Size

1,797 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

100%

About this property

Immediate possession available at this premium office location in central Saskatoon! Ready set common area foyer, feature receptionist desk, spacious client waiting area, and multiple private rooms of varying sizes that include windows for an abundance of natural light. Ideal for business administration, medical, dental, consulting, counselling, spa services, and financial services. The exterior was upgraded in 2023 for maximum curb appeal. Plenty of foot traffic with the restaurant Earls right behind the office, kitty corner to a locally owned coffee shop, and a couple blocks to the Saskatoon City Hospital. Investor options available. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$89K

Annual cash flow

$6K

Cash-on-cash

1.31%

DSCR

1.07

Going-in cap

5.94%

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.

Rent roll (estimated)

TenantAreaExpiry
Lakeview Physiotherapy1,788 SF2031-08

Area demographics

Trade area within 3 miles of the property.

Population

100,762

Households

41,309

Median income

$102,000

Median age

44.4

Daytime population

154,327

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 603 3rd AVENUE N, Saskatoon.

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.