Business For Sale · Retail

3465 PLATINUM DRIVE, Mississauga (Churchill Meadows)

3465 PLATINUM DRIVE, Mississauga (Churchill Meadows), ON L5M2S1

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

84%

About this property

LOCATION! LOCATION! LOCATION! Modern Office Space for Lease - Prime Mississauga Location Office spaces available immediately in one of Mississauga's busiest and most desirable commercial areas, with high pedestrian and vehicle traffic and excellent exposure! Beautifully designed second-floor office spaces offer a modern and professional environment, ideal for professionals, entrepreneurs, and small businesses looking to start, expand, or relocate their business.3 private office rooms3 dedicated desk spaces (Three Cubicles)Rent 495$ for each cubicle Individual office Room Available for 1,195.00 including utilities. Large, bright windows overlooking Ridgeway Drive Ensuite kitchenette Closet and storage space Elevator access to the second floor Ample parking available Located in a high-density retail plaza Excellent visibility and convenient location This is an excellent opportunity to establish your business in a high-traffic commercial area surrounded by retail, restaurants, and other businesses, providing excellent exposures. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

49,982

Households

21,668

Median income

$119,000

Median age

36.1

Daytime population

44,981

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 3465 PLATINUM DRIVE, Mississauga (Churchill Meadows).

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.