For Sale · Office

2888 ST JOSEPH BOULEVARD, Ottawa

2888 ST JOSEPH BOULEVARD, Ottawa, ON K1C1G7

$949,900 total

—

Asset Class

Office

Size

—

Building class

A

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

98%

About this property

PRIME LOCATION! This office space has great visibility and is easily accessible. Located across from Place'd Orleans mall and the future LRT station, this building currently features a spacious reception area, board rm, 5 offices + bath. Lower level is large and perfect for storage area. This is a stand a lone building in good condition and can accommodate up to 11 parking spots. First and second flr consist of approximately 1300 sqft. Great potential for a variety of businesses! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$950K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$58K

Annual cash flow

$6K

Cash-on-cash

2.01%

DSCR

1.11

Going-in cap

6.14%

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

89,793

Households

36,159

Median income

$111,500

Median age

33.5

Daytime population

76,959

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 2888 ST JOSEPH BOULEVARD, 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.