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$129,900 total
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Asset Class
Specialty
Size
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Building class
B
Zoning
US — Urban Services
$ / SF
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Occupancy
86%
Excellent opportunity to own a beautifully designed and fully equipped spa business in the desirable Eastbridge area of Waterloo. Lavish Spa 387 offers a modern, welcoming environment with an established setup ideal for a variety of beauty and wellness services. The space features a stylish reception and waiting area, manicure and pedicure stations, private treatment rooms, washroom, sanitation area, hand-wash sinks and on-site laundry facilities. The functional layout allows multiple professionals and services to operate comfortably under one roof. Located in a busy commercial plaza at 370 Eastbridge Boulevard with convenient on-site parking and surrounded by an established residential community. This turnkey space provides an excellent opportunity for an owner-operator, beauty professional, aesthetician or entrepreneur looking to step into an already completed salon/spa setup without the time and expense of building from scratch. A great opportunity to bring your own vision and grow your beauty, wellness or aesthetics business in a sought-after Waterloo location. (id:66811)
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Monthly debt service
$600
Projected NOI
$8K
Annual cash flow
$492
Cash-on-cash
1.26%
DSCR
1.07
Going-in cap
5.92%
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.
Trade area within 3 miles of the property.
Population
131,555
Households
58,416
Median income
$64,000
Median age
39.1
Daytime population
155,601
5-yr growth
5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 370 EASTBRIDGE Boulevard Unit# B, Waterloo.
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.