For Sale · Office

234 - 3465 PLATINUM DRIVE, Mississauga (Churchill Meadows)

234 - 3465 PLATINUM DRIVE, Mississauga (Churchill Meadows), ON L5M2S1

$549,000 total

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

85%

About this property

Looking for a builder-finished skeleton unit, providing a clean canvas for custom layouts and tailored interior build-outs? This office unit is in a prime location in GTA West for your new, current, or future business. Located in a high-traffic new plaza that already has many businesses and restaurants, this unit offers great exposure and is situated in a prime spot at 9thLine and Eglinton Ave. With approximately 881 square feet, this unit is perfect for a variety of different uses. Don't miss out on the chance to be a part of this thriving business community. Ample parking available! Furthermore, this unit has easy access to major highways such as Hwy 407/403 and QEW, making it convenient for you and your customers to reach your business from all directions. (id:66811)

Financial sandbox

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Estimate
Purchase price$549K
Down payment30% · $165K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$26K

Annual cash flow

$-5K

Cash-on-cash

-2.82%

DSCR

0.85

Going-in cap

4.69%

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

53,403

Households

21,041

Median income

$102,000

Median age

32.9

Daytime population

61,022

5-yr growth

7.3%

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

Secure deal room

Confidential diligence documents for 234 - 3465 PLATINUM DRIVE, Mississauga (Churchill Meadows).

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.