Business For Sale · Office

95 Lemarchant Road Unit#101, St. John's

95 Lemarchant Road Unit#101, St. John's, Newfoundland & Labrador A1B2B7

Price on request

—

Asset Class

Office

Size

—

Building class

C

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

95%

About this property

For lease! Approximately 3500 square feet of bright, spacious office space, conveniently located on Lemarchant Road in a secured building with off street parking and only minutes from downtown! Currently set up with a large open reception/office area, several separate office spaces, storage room, kitchen area, boardroom and private bathrooms. High traffic location with great exposure and ample parking. Lease required. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

131,681

Households

51,063

Median income

$77,500

Median age

40.2

Daytime population

198,667

5-yr growth

8.5%

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

Secure deal room

Confidential diligence documents for 95 Lemarchant Road Unit#101, St. John's.

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.