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Business For Sale · Office

1493 Paris Street, Sudbury

1493 Paris Street, Sudbury, ON P3E3B7

$835,000 total

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Asset Class

Office

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

91%

About this property

Located in Sudbury’s desirable South End, this exceptional 2,250-square-foot medical office building features a reception and waiting area, three examination rooms, an operating room, sterilization room, staff kitchen, storage room, and two washrooms. The property is equipped with two electrical services, two furnaces, two AC condensing units, and a backup generator. Move-in ready with ample parking, it is well suited for medical use and will also appeal to professional office users. Building will be vacant on closing. Adjacent triplex at 1485 Paris is available for purchase as well (see MLS# 2130155) (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$835K
Down payment30% · $251K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$54K

Annual cash flow

$7K

Cash-on-cash

2.96%

DSCR

1.16

Going-in cap

6.43%

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

71,444

Households

32,142

Median income

$65,500

Median age

37.6

Daytime population

74,089

5-yr growth

6.3%

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

Secure deal room

Confidential diligence documents for 1493 Paris Street, Sudbury.

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.