Business For Sale · Office

12 & 14 (GF + 2ND) - 1010 POLYTEK STREET, Ottawa

12 & 14 (GF + 2ND) - 1010 POLYTEK STREET, Ottawa, ON K1J9H9

Price on request

—

Asset Class

Office

Size

—

Building class

B

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

86%

About this property

Excellent flex / office space for lease in one of Ottawa's most popular and well-established business parks. Conveniently located just off Highway 174, offering easy access throughout Ottawa. Approximately 3,000 SQURE FEET is available over two levels, offering an excellent combination of functional ground-floor flex / industrial space and bright, professionally finished second-floor office space. The approximately 1,000 SF ground floor features double man loading doors, 4 private offices, a kitchen, storage space, and a private bathroom. The approximately 2,000 SF second floor features numerous windows and a skylight providing an abundance of natural light, along with 6 private offices, a large boardroom, generous central workspace ideal for open workstations or a collaborative team area, a modern kitchenette, and updated bathroom. This versatile layout is ideal for businesses requiring a combination of office, flex, light industrial, service, showroom, or distribution space in one location. The property also offers excellent signage opportunities and ample on-site parking for staff and visitors. The ground and second-floor spaces can be leased TOGETHER or SEPARATELY. Contact LA for more information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

114,888

Households

43,408

Median income

$126,500

Median age

34.4

Daytime population

147,118

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 12 & 14 (GF + 2ND) - 1010 POLYTEK STREET, Ottawa.

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.