Business For Sale · Office

888 INNISFIL BEACH ROAD, Innisfil (Alcona)

888 INNISFIL BEACH ROAD, Innisfil (Alcona), ON L9S2C2

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

83%

About this property

Large Commercial Building for Lease in Alcona, Innisfil! Excellent opportunity to lease a versatile 2-storey commercial building offering over 2,900 sq. ft. of space and 16 offices. Located in the fast-growing community of Alcona, this property is zoned MU-2, allowing for a wide range of potential commercial uses, subject to municipal approvals. The flexible layout is well suited for a variety of businesses, including medical/professional offices, dental, legal, accounting, corporate offices, daycare, school/training facility, restaurant, and other permitted commercial uses. The building features gas heating, central air conditioning, municipal water and sewer, and high-speed internet. Immediate possession available. Conveniently located close to Lake Simcoe and Alcona Beach, shopping, schools, restaurants, and the Alcona Town Centre, with easy access to major transportation routes. An excellent opportunity for businesses seeking a prominent and adaptable commercial location in one of Innisfil's growing communities. The property is also available for sale. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

66,439

Households

23,353

Median income

$69,000

Median age

43

Daytime population

110,499

5-yr growth

2.8%

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

Secure deal room

Confidential diligence documents for 888 INNISFIL BEACH ROAD, Innisfil (Alcona).

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.