For Lease · Office

408 - 720 SPADINA AVENUE, Toronto (University)

408 - 720 SPADINA AVENUE, Toronto (University), ON M5S2T9

$25 per sq ft / yr

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Asset Class

Office

Size

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Building class

C

Zoning

CO — Commercial Office

$ / SF

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Occupancy

92%

About this property

Office space available in a 17-storey mixed-use tower in the vibrant Bloor/Annex neighbourhood. Ready for any office configuration ideas, kitchenette, bathroom with a shower and lots of windows with great views! Steps from the Spadina subway station and Spadina streetcar. Tons of great amenities in the immediate area, including grocery stores, cafes, restaurants, and more. Easy TTC Access - minutes to Spadina subway, 5 min to St George station, and direct Spadina LRT to Harbour frontand Union Station. Street-front, visitor surface parking and underground parking at $175/stall/month. (id:66811)

Financial sandbox

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Estimate
Purchase price$25
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

4.66%

DSCR

1.25

Going-in cap

6.94%

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.

Area demographics

Trade area within 3 miles of the property.

Population

42,672

Households

15,116

Median income

$67,500

Median age

38

Daytime population

40,740

5-yr growth

2.9%

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

Secure deal room

Confidential diligence documents for 408 - 720 SPADINA AVENUE, Toronto (University).

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.