Business For Sale · Office

510 Topsail Road Unit#105, St. John's

510 Topsail Road Unit#105, St. John's, Newfoundland & Labrador A1E2C2

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

CO — Commercial Office

$ / SF

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Occupancy

84%

About this property

Whether you tired of working from home and having the kids interrupt your work day or you just need an office or two to run your business, this space has it all. There is even a boardroom that can accommodate meetings of up 10 people very that tenants can use at no extra cost. Unlike a lot of office buildings, 510 Topsail has an all-inclusive method of pricing for each space on our fully accessible ground floor. We provide every possible amenity except for a Bell landline or a printer, so all you need to do is come in with your cellphone and laptop, and get to work! Included in every monthly rental price: 1) Heat, air conditioning, lights and all electrical costs 2) Free Internet and WIFI 3) Fully furnished offices with desks, desk chairs, hutches, guest chairs, window coverings, etc., which you may choose from our collection 4) Weekly room cleaning with our bondable staff (vacuuming, recycling, garbage disposal, etc.) 5) Your business name and suite number on our interior sign as per our specifications, at no cost to you 6) Shredding bin included (beside the kitchenette) 7) Fully accessible washrooms 8) Free parking for you and guests along with snow clearing, common space cleaning and all maintenance 9) Fully accessible boardroom for up to 10 people and flat screen TV with laptop hook-up, free for tenants ($40/hr for non-tenants) 10) Building is staffed weekdays to accept guests, parcels and mail, but is accessible with a magic key fob for nights and weekends 11) Kitchenette with free coffee. 12) Alarm system and surveillance cameras (inside and out) All staff members are bondable. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

96,988

Households

43,829

Median income

$114,000

Median age

35.4

Daytime population

88,393

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 510 Topsail Road Unit#105, St. John's.

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.