For Lease · Office

500 - 150 FERRAND DRIVE, Toronto (Flemingdon Park)

500 - 150 FERRAND DRIVE, Toronto (Flemingdon Park), ON M3C3E5

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

94%

Lot Size

2702 ac

About this property

Exceptional opportunity to lease a bright, professionally finished office suite in the established Don Valley Business Park! Ideally situated at Eglinton Avenue East and the Don Valley Parkway, this well-appointed space offers an excellent combination of accessibility, functionality and convenience. Located directly off the elevators, the suite welcomes visitors into an inviting reception area and features 6 generously sized private offices with expansive windows providing abundant natural light, 2 spacious boardrooms, 2 additional private offices and a convenient kitchenette. An ideal turnkey solution for professional services, corporate offices, consulting firms or businesses seeking a well-designed, functional workspace. The building offers ample surface and covered parking, 24/7 on-site security, café and daycare amenities. Outstanding connectivity with immediate access to the DVP, convenient connections to Highways 401 and 404, TTC bus routes and the newly opened Eglinton Crosstown LRT, with Aga Khan Park & Museum Station just a short walk away. Conveniently located near restaurants, shopping and other everyday amenities. Available for a 1-year sublease, with the potential to negotiate an extended lease directly with the Landlord. An excellent opportunity to establish your business in a highly accessible and professionally managed office building! (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

82,815

Households

34,302

Median income

$116,000

Median age

37.4

Daytime population

111,237

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 500 - 150 FERRAND DRIVE, Toronto (Flemingdon 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.