For Lease · Specialty

686 St. George Boulevard, Moncton

686 St. George Boulevard, Moncton, NB E1E2C6

$14.5 per sq ft / yr

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

88%

Lot Size

1.6 ac

About this property

Professionally finished, turnkey sub-lease opportunity offering approximately 3,600 SF of office space in a highly visible location on St. George Boulevard. Available for immediate occupancy, this recently upgraded space is ideally suited for a variety of professional office users. Offered at $14.50 PSF NET with budgeted additional rents of $5.50 PSF, the premises feature a secure entrance vestibule leading to a welcoming reception area, an open-concept workspace, two private offices, a state-of-the-art boardroom with operable partition walls that create flexible meeting or training space, a dedicated storage room, a full staff kitchen, two washrooms, and a private rear staff entrance. The space is fully wheelchair accessible with a front entrance ramp and is complemented by 12 undedicated parking spaces allocated for this premises. Situated on a 1.6-acre property with Suburban Commercial (SC) zoning, the building offers excellent visibility and convenient access to Downtown Moncton, Wheeler Boulevard (Route 15), and surrounding commercial areas. Nearby amenities include Tim Hortons, Café Codiac, Pomodori Pizza, and Centennial Park. This move-in-ready sub-lease opportunity combines a functional layout, modern finishes, and an excellent central Moncton location. (id:66811)

Financial sandbox

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Estimate
Purchase price$15
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

1.76%

DSCR

1.10

Going-in cap

6.07%

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

131,918

Households

49,638

Median income

$77,500

Median age

44.9

Daytime population

191,817

5-yr growth

2.8%

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

Secure deal room

Confidential diligence documents for 686 St. George Boulevard, Moncton.

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.