For Lease · Office

138 COMMERCE PARK DRIVE, Barrie (400 West)

138 COMMERCE PARK DRIVE, Barrie (400 West), ON L4N8W8

$17 per sq ft / yr

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Asset Class

Office

Size

—

Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

100%

About this property

9029 s.f. of excellently finished office space available Barrie's south end. Free standing building, accessible from Commerce Park Dr or Norris Dr. Building sits on the corner of the lot with excellent visibility and parking. Numerous offices, open work space, large boardroom, smaller meeting rooms, 3 washrooms and kitchenette. Close to Highway 400, shopping, restaurants, Galaxy Cinemas, Walmart, Sobeys etc. Tenants pay utilities. $17.00/sf/yr & $6.50/sf/yr TMI + HST. (id:66811)

Financial sandbox

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Estimate
Purchase price$17
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

1.14%

DSCR

1.06

Going-in cap

5.88%

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

120,651

Households

53,201

Median income

$100,000

Median age

44.4

Daytime population

172,790

5-yr growth

4.4%

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

Secure deal room

Confidential diligence documents for 138 COMMERCE PARK DRIVE, Barrie (400 West).

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.