For Sale · Office

781 2ND AVENUE E, Owen Sound

781 2ND AVENUE E, Owen Sound, ON N4K2G9

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

99%

About this property

Looking for a great new space to start or expand your business? Be part of the revitalization within Owen Sound's river district. Many properties are being update and upgraded while the neighbourhood is attracting new businesses, customers, and energy. Bring your business into this vibrant area and grow. Owner is easy to work with and open to assisting you to get started. Call your realtor today to make your vision come to life. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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

130,746

Households

57,626

Median income

$74,000

Median age

42.7

Daytime population

208,788

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for 781 2ND AVENUE E, Owen Sound.

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.