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$16 per sq ft / yr
—
Asset Class
Industrial
Size
—
Building class
C
Zoning
IB — Industrial Business
$ / SF
—
Occupancy
89%
Year Built
2009
Clear height
29 ft
Loading docks
8
RARE OPPORTUNITY TO LEASE PROFESSIONAL OFFICE SPACE IN SARNIA'S HIGHLY DESIRABLE NORTH END! LOCATED AT 1315 MICHIGAN AVENUE, THIS WELL-APPOINTED 1,036 SQ FT SUBLEASE OFFERS AN EXCELLENT LAYOUT SUITED FOR A VARIETY OF PROFESSIONAL USES INCLUDING OFFICE, MEDICAL, HEALTHCARE, CONSULTING, AND MORE. UPON ENTRY, CLIENTS ARE WELCOMED BY A SPACIOUS AND INVITING WAITING AREA COMPLETE WITH A PRIVATE RECEPTION SPACE. BEYOND THE RECEPTION AREA, A CENTRAL HALLWAY PROVIDES ACCESS THROUGHOUT THE UNIT, FEATURING A LARGE BOARDROOM THAT COULD EASILY BE CONVERTED INTO TWO ADDITIONAL OFFICES, TWO PRIVATE OFFICES AT THE REAR OF THE SPACE, A WASHROOM, CABINETRY WITH SINK AREA, AND TWO LARGE STORAGE CLOSETS. THE UNIT BOASTS OVER 9-FOOT CEILINGS THROUGHOUT, CREATING A BRIGHT, OPEN ATMOSPHERE, WHILE TRANSOM WINDOWS ABOVE THE INTERIOR OFFICE DOORS ALLOW NATURAL LIGHT TO FLOW THROUGHOUT THE SPACE. IDEALLY LOCATED IN A HIGHLY SOUGHT-AFTER COMMERCIAL CORRIDOR WITH EXCELLENT ACCESSIBILITY AND AMPLE NEARBY AMENITIES, THIS TURN-KEY SPACE IS READY TO ACCOMMODATE YOUR GROWING BUSINESS. LEASE PRICE IS PER SQ FT. ESTIMATED C.A.M. $9.50/SQ FT. (INCLUDES UTILITIES). (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$0
Projected NOI
$1
Annual cash flow
$0
Cash-on-cash
0.07%
DSCR
1.00
Going-in cap
5.56%
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.
Trade area within 3 miles of the property.
Population
112,785
Households
53,292
Median income
$92,000
Median age
32.6
Daytime population
120,346
5-yr growth
3.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1315 MICHIGAN AVENUE Unit# H, Sarnia.
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.