For Lease · Retail

304 - 3024 HURONTARIO STREET, Mississauga (Cooksville)

304 - 3024 HURONTARIO STREET, Mississauga (Cooksville), ON L5B4M4

$19.5 per sq ft / yr

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

90%

About this property

**BRIGHT 1,725 SQ. FT. THIRD-FLOOR OFFICE/MEDICAL UNIT WITH EXCEPTIONAL LARGE-WINDOW EXPOSURE AND ABUNDANT NATURAL LIGHT!** Located in the prestigious Cooksville Colonnade at the northwest corner of Hurontario Street and Dundas Street, this spacious and highly functional unit is currently built out as professional office space and features windows surrounding the unit, a private in-suite washroom and a flexible layout suitable for a wide variety of medical, wellness, professional and service-based businesses. Cooksville Colonnade is a well-established, professionally managed mixed-use destination and one of the busiest medical buildings in the neighbourhood, with a strong existing medical and professional tenant mix, an on-site pharmacy, on-site property management, on-site security, a newly upgraded surveillance camera system, two elevators and two stairwells. Situated on approximately 2.5 acres, the property offers one of the largest above-ground parking areas in the neighbourhood, with additional underground tenant parking subject to availability. Surrounded by a dense residential population, numerous high-rise buildings and major new developments, this high-traffic and high-visibility location provides excellent transit access, future Hazel McCallion LRT connectivity and convenient access to Highways 403 and QEW. Potential uses include, medical specialists, naturopathic services, health and wellness, medi-spa, diagnostic imaging, bone density clinic, cardiology, dermatology, ENT, gastroenterology, gynecology, neurology, nutrition, oncology, ophthalmology, urology, fertility services, accounting, legal, real estate, mortgage, insurance, consulting and other professional or service-based businesses. Dental and pharmacy uses are not permitted due to existing tenant exclusivity provisions. All proposed uses are subject to tenant credentials, existing exclusivity rights, landlord approval and applicable zoning. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$20
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-3.09%

DSCR

0.83

Going-in cap

4.62%

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

83,037

Households

35,776

Median income

$114,000

Median age

35.6

Daytime population

99,026

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 304 - 3024 HURONTARIO STREET, Mississauga (Cooksville).

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.