Business For Sale · Office

43A - 145 ROYAL CREST COURT, Markham (Milliken Mills West)

43A - 145 ROYAL CREST COURT, Markham (Milliken Mills West), ON L3R9Z4

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

92%

About this property

Professionally Finished Office Suite in the Heart of Markham's Thriving Business District. This Move-In Ready Office Space Features a Welcoming Reception Area, Three Well-Appointed Offices (Including Two Private), a Large Boardroom, and a Convenient 2-Piece Washroom. A Dedicated Storage Room Provides Ample Additional Space for Your Business Needs, plus a separate area with a Sink & Cabinetry for Convenience. Recently Refreshed, Newly Painted, New Lighting and Carpeting. The Office Boasts Excellent Street Exposure and Large Windows That Fill the Space with Ample Natural Light, Creating a Bright and Inviting Atmosphere. LED Panel Lighting Adds to the Modern, Professional Feel. Situated in a Prime Location with Plenty of Parking. Easy Access to Major Highways (DVP, 404, 407) and Downtown Markham, This Office Is Ideal for Businesses Looking to Establish a Strong Presence. Immediate Availability Don't Miss Out on This Exceptional Opportunity! The Lease is a Net Lease, T.M.I. (Taxes, Maintenance and Insurance are additional). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

74,921

Households

31,379

Median income

$132,000

Median age

38.8

Daytime population

102,821

5-yr growth

1.3%

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

Secure deal room

Confidential diligence documents for 43A - 145 ROYAL CREST COURT, Markham (Milliken Mills West).

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.