1955 KING Street E Unit# B2, Hamilton1955 KING Street E Unit# B2, Hamilton — photo 21955 KING Street E Unit# B2, Hamilton — photo 31955 KING Street E Unit# B2, Hamilton — photo 41955 KING Street E Unit# B2, Hamilton — photo 51955 KING Street E Unit# B2, Hamilton — photo 61955 KING Street E Unit# B2, Hamilton — photo 71955 KING Street E Unit# B2, Hamilton — photo 81955 KING Street E Unit# B2, Hamilton — photo 91955 KING Street E Unit# B2, Hamilton — photo 101955 KING Street E Unit# B2, Hamilton — photo 111955 KING Street E Unit# B2, Hamilton — photo 121955 KING Street E Unit# B2, Hamilton — photo 131955 KING Street E Unit# B2, Hamilton — photo 14
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For Lease · Specialty

1955 KING Street E Unit# B2, Hamilton

1955 KING Street E Unit# B2, Hamilton, ON L8K1W2

$8 per sq ft / yr

2,331 SF

Asset Class

Specialty

Size

2,331 SF

Building class

A

Zoning

US — Urban Services

$ / SF

$0

Occupancy

98%

About this property

Ideally situated lower level medical/office space on King Street East with high visibility in prosperous Rosedale neighbourhood! Ideal for medical, but perfectly viable for professional office or dance/yoga studio. Includes ample parking, full accessibility for wheelchair (including elevator and bathrooms), concrete floor decks, and several means of access to and from rear parking and front entrance. Directly across from Rosedale Plaza and steps to massive former Brock University campus redevelopment that will see 1,300 residential units added to the neighbourhood. Existing tenants include financial services, dentistry, personal training and rehab, and more! Don't miss this opportunity to secure top tier professional space at a reasonable rate in a burgeoning neighbourhood! Rent is net - $8.00 PSF plus $12.50 PSF additional rent, which includes TMI and heat/AC. 1,889 SF useable area, 2,331 SF rentable area. Landlord willing to work with qualified, experienced tenants on buildout and unit completion, including construction of a private washroom. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$8
Down payment30% · $2
Interest rate6.25%
Amortization25 years
Occupancy98%
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.

Rent roll (estimated)

TenantAreaExpiry
Summit Trades Supply878 SF2034-04
Summit Trades Supply1,414 SF2034-04

Area demographics

Trade area within 3 miles of the property.

Population

113,232

Households

41,623

Median income

$121,500

Median age

35

Daytime population

112,284

5-yr growth

5.4%

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

Secure deal room

Confidential diligence documents for 1955 KING Street E Unit# B2, Hamilton.

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.