Business For Sale · Office

E - 381 RICHMOND STREET E, Toronto (Moss Park)

E - 381 RICHMOND STREET E, Toronto (Moss Park), ON M5A1P6

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

98%

About this property

Rare opportunity to lease approximately 14,000 sq. ft. of renovated office/retail space plus an additional 2,000 sq. ft. mezzanine. The space features high ceilings, including approximately 50% of the premises with impressive 30-ft. ceilings, a newly renovated modern kitchen, two boardrooms, five washrooms, a shower, and direct access to an exceptional approximately 10,000 sq. ft. private courtyard. The expansive layout offers excellent flexibility for a variety of commercial uses, including professional office, furniture showroom, restaurant, recreational uses, or potentially pickleball courts, subject to zoning and approvals. The large outdoor courtyard provides an excellent opportunity for businesses seeking additional outdoor space and could be ideal for restaurant seating, events, or customer amenities. Parking is available through a Green P parking lot with approximately 22 spaces, with ample additional parking available next door to the west. Flexible unit sizes are available, including approximately 2,000, 4,000, 10,000, 20,000 and 30,000 sq. ft., subject to availability. A rare opportunity to secure a large, flexible commercial footprint with valuable outdoor space and convenient parking. Uses are subject to zoning and municipal approvals. Information is provided for general reference only and should be independently verified by prospective tenants. Space is offered on an "as is, where is" basis. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

143,305

Households

49,950

Median income

$91,000

Median age

42.9

Daytime population

237,874

5-yr growth

1.3%

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

Secure deal room

Confidential diligence documents for E - 381 RICHMOND STREET E, Toronto (Moss Park).

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.