For Sale · Office

Unknown

Unknown, ON

Price on request

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Asset Class

Office

Size

—

Building class

B

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

88%

About this property

Highly visible corner office opportunity offering approximately 2,000 sq. ft. on the main floor within an established Essa Road plaza. The proposed configuration benefits from extensive glass frontage, abundant natural light, strong street exposure and prominent signage opportunities from multiple directions. The existing professional layout includes glass-partitioned private offices, a reception area, full kitchen/staff area, accessible washroom and wheelchair-ramp access. The landlord will complete the required demising work to create an independently usable premises with its own exterior entrance. The final division can be adjusted according to tenant requirements, with additional adjoining main-floor space available for businesses requiring up to approximately 3,000 sq. ft. Convenient on-site plaza parking is available for staff and visitors. Directly across from the Allandale Transit Terminal and minutes from the Allandale Waterfront GO Station, downtown Barrie, the waterfront and Highway 400. Well suited to professional, medical, wellness, education, consulting and other office or service-oriented users, subject to zoning and applicable approvals. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

74,931

Households

27,467

Median income

$131,500

Median age

35.4

Daytime population

99,689

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for Unknown.

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.