For Lease · Office

305 - 2750 14TH AVENUE, Markham (Milliken Mills West)

305 - 2750 14TH AVENUE, Markham (Milliken Mills West), ON L3R0B6

Price on request

666 SF

Asset Class

Office

Size

666 SF

Building class

C

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

98%

About this property

Rare opportunity to lease an extra large, custom built with one standard units, combined professional office (around 700 sqft of useable space) in demand Markham location. Minutes to Hwy 400,407,401, major shopping plazas, Costco, banks, restaurant, transport routes. Value offered in much below the replacement cost, makes it a sound investment. TOP FLOOR, spacious and bright, highly functional unit. Superior floor plan incorporating offices, 1 meeting rooms with glass walls, and a storage room. Large open workplace, allow for multiple desks. Good security in the building and outside with multiple cameras, timed-in entry system. More than 200 surface parking spaces, plus some underground spots, free outdoor visitor parking. Freshly, re-painted, updated and cleaned and ready for turn-key possession. Ideal for multiple professional uses like: law firms, accounting, realty companies, tutoring/commercial schools, medical, acupuncture, wellness centre, spa, etc...) Reasonable maintenance fee includes all utilities and Internet. HST is in addition (commercial property). Deposit with certified funds. All measurements, financials to be verified by Buyer, Buyer's Realtor. This Is A Commercial Sublease, Not A Direct Lease With The Property Owner. Approximately 23 Months Remaining On The Head Lease. All Offers Are Conditional Upon The Head Landlord's Written Consent To The Sublease, In Accordance With The Terms Of The Head Lease. (id:66811)

Financial sandbox

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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
Summit Trades Supply649 SF2031-04

Area demographics

Trade area within 3 miles of the property.

Population

85,033

Households

34,486

Median income

$136,500

Median age

37.1

Daytime population

103,548

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 305 - 2750 14TH AVENUE, Markham (Milliken Mills West).

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.