For Lease · Office

11 KING STREET E, Cramahe (Colborne)

11 KING STREET E, Cramahe (Colborne), ON K0K1S0

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

99%

About this property

Bright and spacious second-floor office space available for lease in the heart of Downtown Colborne. Featuring high ceilings that enhance the sense of openness and large windows that flood the space with natural light, this unit offers an inviting and productive work environment.With multiple room configurations, the layout is ideal for team collaboration while still offering privacy. Beautiful original woodwork adds character and charm throughout the space. The generous room sizes ensure it never feels cramped, providing comfort and flexibility for a variety of professional uses.Located on a busy downtown street, the unit benefits from excellent exposure, yet enjoys a quiet and private atmosphere on the second floor. The space includes two bathrooms and offers a great opportunity to customize and make it your own.Elevate your business in this unique and character-filled downtown setting. Lease rate: $2700 per month, including TMI and water. (id:66811)

Financial sandbox

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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

40,904

Households

14,275

Median income

$113,500

Median age

34.1

Daytime population

36,829

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 11 KING STREET E, Cramahe (Colborne).

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.