For Sale · Office

454 HESPELER Road Unit# 204, Cambridge

454 HESPELER Road Unit# 204, Cambridge, ON N1R0E3

$379,900 total

1,034 SF

Asset Class

Office

Size

1,034 SF

Building class

A

Zoning

CO — Commercial Office

$ / SF

$367

Occupancy

90%

Year Built

2023

About this property

2ND FLOOR OFFICE SPACE ON BUZZING HESPELER ROAD! Unit 204-454 Hespeler Rd is located in the Preston building of this new development. Offering over 1034sqft, ample glass windows, a rough-in for future water, 100amps plus shared parking. With C4 zoning, this is the ideal space for professional offices such as real estate, law, accounting, mortgage, consulting, employment, travel, IT specialist, insurance and much more! Just South of the 401, you are steps from transportation and every amenity. Don’t miss out on this rare location – Cambridge Gateway Centre. Immediate occupancy, shell unit that you can build to your desired use.*Could be purchased with 203 neighbouring unit* (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$380K
Down payment30% · $114K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$22K

Annual cash flow

$814

Cash-on-cash

0.71%

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.

Rent roll (estimated)

TenantAreaExpiry
Blue Harbour Design400 SF2034-08
Blue Harbour Design590 SF2034-08

Area demographics

Trade area within 3 miles of the property.

Population

57,823

Households

20,825

Median income

$115,000

Median age

35.8

Daytime population

69,651

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for 454 HESPELER Road Unit# 204, Cambridge.

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.