For Sale · Office

38 - 2601 MATHESON BOULEVARD E, Mississauga (Airport Corporate)

38 - 2601 MATHESON BOULEVARD E, Mississauga (Airport Corporate), ON L4W5A8

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

Recently renovated and professionally updated ground-level private offices in Airport Corporate Centre, just minutes from Toronto Pearson International Airport, with easy access to Highways 401, 403, 410 and 427. Ideally located on Matheson Blvd with excellent visibility, convenient vehicular and pedestrian access, and public transit with a bus stop directly in front of the complex. Furnished and well-maintained, with three office spaces available together or individually. Each office is available for $800 per month. The space features a private office, kitchen, and two separate 2-piece washrooms for men and women. Large paved surface parking available. Turn-key space with utilities included in the monthly rent. Ideal for professional consultants and a variety of uses, including accountants, realtors, appraisers, planners, engineers, architects and more. (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

88,363

Households

35,428

Median income

$135,000

Median age

41.1

Daytime population

137,518

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 38 - 2601 MATHESON BOULEVARD E, Mississauga (Airport Corporate).

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.