For Lease · Industrial

1315 MICHIGAN AVENUE Unit# H, Sarnia

1315 MICHIGAN AVENUE Unit# H, Sarnia, ON N7S4M6

$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

About this property

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)

Financial sandbox

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Estimate
Purchase price$16
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 1315 MICHIGAN AVENUE Unit# H, Sarnia.

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.