Business For Sale · Office

50 Watts Avenue, Charlottetown

50 Watts Avenue, Charlottetown, PE C1E2B8

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

85%

Year Built

1978

Lot Size

2 ac

About this property

Position your business for success with approximately 30,000 sq. ft. of versatile commercial space in a well-established Charlottetown business area. Offering approximately 15,000 sq. ft. on each of two levels, this property provides the space, infrastructure, and flexibility to accommodate a wide range of professional and commercial uses. Previously utilized as a large call centre, the building was designed to support the day-to-day operations of a substantial workforce in a professional setting. The existing layout includes more than 100 workstations, multiple manager and private offices, meeting rooms, a boardroom, a training room, a spacious lunch room and a large, welcoming reception area, plus additional areas that can be adapted to suit a new tenant's needs. For businesses requiring less space, the layout also offers flexibility to be reconfigured into smaller office areas, creating opportunities for a variety of occupancy requirements. Outside, 110+ parking spaces provide exceptional convenience for employees and visitors. Public transit is equally accessible, with a bus stop directly at the property, while a daycare located across the street adds another practical advantage for today's workforce. Whether you're an established Island business planning your next stage of growth or an organization considering a move to Prince Edward Island, this property presents an opportunity to establish your operations in a spacious and adaptable commercial environment with the capacity to grow alongside your business. Available for lease. Explore the possibilities at 50 Watts Avenue and discover a space that can be tailored to your organization's future. Please note: Select exterior photos have been digitally altered solely to illustrate tidied landscaping; the building itself has not been digitally modified. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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

84,824

Households

30,972

Median income

$85,000

Median age

39.6

Daytime population

138,002

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for 50 Watts Avenue, Charlottetown.

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.