For Sale · Office

213 - 980 FRASER DRIVE, Burlington (Industrial Burlington)

213 - 980 FRASER DRIVE, Burlington (Industrial Burlington), ON L7L5P5

$1.2M total

—

Asset Class

Office

Size

—

Building class

B

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

100%

About this property

Exceptional opportunity to own a beautifully upgraded corner commercial/professional unit in a desirable Burlington location, situated near Walkers Line and QEW. Featuring completely renovated modern interior with high-end glass partitions; porcelain tiles, industrial carpet; fully wired for various commercial uses. This move-in-ready space is ideal for professional uses, including medical and health-related practices, legal offices, marketing agencies, real estate firms and other professional services (subject to buyer diligence). This bright and inviting corner unit offers excellent functionality and a professional atmosphere: some rooms have sink and cabinets and wired for higher amp instruments. Water R/I. at reception for an elegant cafe/bar style front desk. Corner board room wired for higher amp/volt perfect for exhibitors. Includes two dedicated parking spaces, with additional visitor parking available. An excellent opportunity for professionals seeking a turnkey office space in a great commercial building with convenient access and plenty of parking. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$89K

Annual cash flow

$23K

Cash-on-cash

6.38%

DSCR

1.35

Going-in cap

7.45%

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

87,001

Households

32,065

Median income

$72,000

Median age

37

Daytime population

128,711

5-yr growth

7.4%

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

Secure deal room

Confidential diligence documents for 213 - 980 FRASER DRIVE, Burlington (Industrial Burlington).

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.