Business For Sale · Office

C E D - 381 RICHMOND STREET E, Toronto (Moss Park)

C E D - 381 RICHMOND STREET E, Toronto (Moss Park), ON M5A1P6

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

94%

About this property

Exceptional opportunity to lease approximately 20,000 sq. ft. of versatile commercial space, offered at $29.00/sq. ft. SG + utilities. This expansive configuration provides an excellent opportunity for businesses requiring substantial space for office, retail, showroom, storage, distribution, e-commerce fulfillment, last-mile logistics, or a combination of uses. The flexible layout allows tenants to create a space tailored to their operational needs, whether for customer-facing retail and showroom purposes, professional office use, inventory storage, or logistics and fulfillment operations. The property features access to an approximately 100 ft. x 100 ft. outdoor courtyard, available for shared use by tenants or potentially for exclusive use by one tenant, subject to lease terms and applicable approvals. Parking is available through a Green P parking lot with approximately 22 spaces, with ample additional parking available next door to the west. Flexible unit sizes are available, including approximately 2,000, 4,000, 10,000, 20,000 and 30,000 sq. ft., subject to availability. A rare opportunity to secure a large, flexible commercial footprint with valuable outdoor space and convenient parking. Uses are subject to zoning and municipal approvals. Information is provided for general reference only and should be independently verified by prospective tenants. Space is offered on an "as is, where is" basis. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

145,272

Households

52,108

Median income

$67,500

Median age

41.1

Daytime population

218,544

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for C E D - 381 RICHMOND STREET E, Toronto (Moss Park).

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.