For Lease · Office

2ND FLOOR - 238 JOSEPHINE STREET, North Huron (Wingham)

2ND FLOOR - 238 JOSEPHINE STREET, North Huron (Wingham), ON N0G2W0

$1 per sq ft / yr

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Asset Class

Office

Size

—

Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

90%

About this property

Well-finished and versatile second-floor professional office space offering approximately 1,750 sq. ft. in a convenient central Wingham location. This space is already configured for a professional business and provides a functional mix of private offices, meeting space and larger collaborative areas, making it well suited to a variety of professional, administrative, financial, consulting, health-related or service uses. The layout includes six private offices, many with good natural light from large windows, along with a spacious boardroom/meeting room complete with a presentation screen. A large open room provides flexibility for reception, additional workstations, training, meetings or collaborative workspace. The unit also includes a finished staff kitchen/lunch room with cabinetry, countertop, sink, refrigerator and microwave, plus a private washroom. Quality finishes throughout and a warm, professional appearance that allows a new tenant to move in without undertaking a major office build-out. The premises are serviced by natural gas forced-air heating and air conditioning and also include an air-conditioned server room with server rack. Up to 1 Gigabit symmetrical fibre internet service is available in the building, making the space particularly attractive for businesses requiring dependable high-speed connectivity. other utilities in addition to the rent. Additional undeveloped space may also be available within the building for a tenant requiring more square footage. Offered at an attractive $12.00 per sq. ft. per annum - equivalent to $1.00 per sq. ft. per month - plus utilities and HST where applicable. Immediate possession is available. An excellent opportunity for a business looking for a substantial, already-finished office environment without the cost and time involved in creating a comparable space from scratch. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1
Down payment30% · $0
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$0

Annual cash flow

$-0

Cash-on-cash

-18.47%

DSCR

0.00

Going-in cap

0.00%

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

45,077

Households

17,836

Median income

$66,500

Median age

37.6

Daytime population

65,954

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 2ND FLOOR - 238 JOSEPHINE STREET, North Huron (Wingham).

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.