Business For Sale · Office

19 RIDOUT STREET W, Tillsonburg

19 RIDOUT STREET W, Tillsonburg, ON N4G2C8

Price on request

1,800 SF

Asset Class

Office

Size

1,800 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

92%

About this property

Inclusive rents. Located in the heart of Tillsonburgs coveted downtown. 1800 Square feet of office space including executive offices, large boardroom, a kitchen facility and a private bathroom along with its own walk-in safe. Space is easily customizable to suit your needs. Will look at startup and established businesses. Office or retail. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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
Halcyon Wealth Partners784 SF2032-10
Halcyon Wealth Partners865 SF2032-10

Area demographics

Trade area within 3 miles of the property.

Population

42,425

Households

18,160

Median income

$68,500

Median age

37.8

Daytime population

49,111

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 19 RIDOUT STREET W, Tillsonburg.

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.