For Sale · Office

380 ST ANDREW STREET W, Centre Wellington (Fergus)

380 ST ANDREW STREET W, Centre Wellington (Fergus), ON N1M1P3

Price on request

4,786 SF

Asset Class

Office

Size

4,786 SF

Building class

B

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

98%

About this property

A rare opportunity to secure over 4700 square feet of prime commercial lease space in the heart of downtown Fergus. Perfectly suited for service-based businesses including health and wellness practices, sports and recreation instruction, personal services, boutique studios, multi-tenant operations and more. This expansive space offers flexible, bright interior with front reception area, collaborative workspaces and change rooms, office space and plenty of storage - all within one business-ready space. Located in a high-visibility downtown core, your business will benefit from strong pedestrian and vehicle exposure, while ample onsite parking ensures convenient access for staff and clientele. With Fergus experiencing steady residential growth and a thriving local business community, retail and restaurants - this space provides the scale, the accessibility and presence your business needs to grow and succeed. Unlock your business potential where collaboration with neighboring businesses is not just possible - it's encouraged ! Available for immediate occupancy with competitive lease terms. Don't wait - secure your prime downtown space now. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

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
Vector Robotics1,462 SF2033-12
Vector Robotics1,012 SF2033-12
Prairie Coffee Roasters699 SF2033-12
Prairie Coffee Roasters1,523 SF2033-12

Area demographics

Trade area within 3 miles of the property.

Population

49,270

Households

23,179

Median income

$83,000

Median age

44.2

Daytime population

45,982

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 380 ST ANDREW STREET W, Centre Wellington (Fergus).

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.