9 - 496 ALBERT STREET, Waterloo — photo 2

9 - 496 ALBERT STREET, Waterloo — photo 3

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For Lease · Office

9 - 496 ALBERT STREET, Waterloo

9 - 496 ALBERT STREET, Waterloo, ON N2L3V4

$25 per sq ft / yr

848 SF

Asset Class

Office

Size

848 SF

Building class

Zoning

CO — Commercial Office

$ / SF

Occupancy

88%

About this property

Prime location in Waterloo close to both Universities, Tech Parks and Business Parks, on a major bus route and in an area seeing future development, the offices at 496 Albert St, couldn't offer you better visibility! With a large parking lot suitable for all clients and guests, and great signage, the Parkdale Plaza really is the best home for your business. Unit 9 is 848 sqft of useful, open office space. With no interior windows, it has two large windows that open up to the hallway, allowing visibility for natural light. With the option of expanding to the unit next door via interior doorway that connects the two, this space is versatile and has many opportunities for any successful business! Join the many other vibrant businesses in this plaza: Dollarama, Pizza Pizza, Homestyle Diner, iDarts, Water Depot, the Grocery Store, Mortgage agents, Realtors, Insurance Agents, Driver Training and First Aid Training. Check it out today! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$25

Down payment30% · $8

Interest rate6.25%

Amortization25 years

Occupancy88%

Expense growth2.5%

Monthly debt service

Projected NOI

Annual cash flow

Cash-on-cash

3.06%

DSCR

1.17

Going-in cap

6.46%

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.

Rent roll (estimated)

Tenant	Suite	Area	Rent / SF	Expiry
Vector Robotics	220	400 SF	$21.02	2030-03
Vector Robotics	220	400 SF	$21.14	2030-03
Vector Robotics	220	400 SF	$21.26	2029-03

Area demographics

Trade area within 3 miles of the property.

Population

56,096

Households

20,081

Median income

$98,000

Median age

44.5

Daytime population

92,322

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 9 - 496 ALBERT STREET, Waterloo.

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.