For Lease · Office

B - 373 VIDAL STREET S, Sarnia

B - 373 VIDAL STREET S, Sarnia, ON N7T2V3

Price on request

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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

83%

About this property

FOR LEASE! EXCELLENT OPPORTUNITY FOR MEDICAL PROFESSIONALS, PHYSIO, OR TENANT LOOKING FOR NEWLY RENOVATED SPACE IN SARNIA'S INDUSTRIAL CORE IN HEART OF CHEMICAL VALLEY. BRIGHT OFFICES ARE NICELY APPOINTED & SEPARATED. UNIT IS LOCATED ON THE MAIN FLOOR OF PLAZA WITH IDEAL FRONTAGE IN FRONT FOR GOOD ACCESSIBILITY & VISIBILITY. ON SITE PARKING. LI-1 ZONING. UTILITIES ARE CAPPED TO $100.00 EACH PER MONTH, ADDITIONAL USAGE WILL BE BILLED MONTHLY. TMI IS INCLUDED IN MONTHLY LIST PRICE OF $1,800.00 + HST. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

59,612

Households

23,353

Median income

$78,000

Median age

38.2

Daytime population

92,307

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for B - 373 VIDAL STREET S, Sarnia.

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.