123 COLLIER STREET, Barrie (City Centre)

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For Sale · Office

123 COLLIER STREET, Barrie (City Centre)

123 COLLIER STREET, Barrie (City Centre), ON L4M1H5

$1.7M total

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Asset Class

Office

Size

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Building class

Zoning

CB2 — Central Business

$ / SF

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Occupancy

84%

Lot Size

0.25 ac

About this property

DENTAL-ANCHORED INVESTMENT IN DOWNTOWN BARRIE'S GROWTH CORE. Fully tenanted mixed use building at Collier & Poyntz, steps from City Hall and the Kempenfelt Bay waterfront. ANCHOR: Lakeview Dental, a 4-operatory practice on a 10-year lease to 2035 plus two 5-year options, backed by $429,236 of tenant-funded build-out. INCOME: four tenancies under one roof, two clinical suites and two residential apartments, plus a detached 3-bay brick garage ready to lease. LAND: approx. 0.25 acres (73 x 149 ft), commercially zoned, with on-site parking, scarce in the downtown core. GROWTH: a 16-storey purpose-built rental is planned on the adjoining lot at 129 Collier, and a 780-unit, two-tower project (29 and 40 storeys) is proposed a short walk away, bringing hundreds of new households to the block. Turnkey dental infrastructure in place. Built for investors and medical or dental owner-users alike. Full investment package available. Private viewings by appointment. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$1.70M

Down payment30% · $510K

Interest rate6.25%

Amortization25 years

Occupancy84%

Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$98K

Annual cash flow

$3K

Cash-on-cash

0.66%

DSCR

1.04

Going-in cap

5.74%

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

90,850

Households

38,623

Median income

$110,500

Median age

31.6

Daytime population

83,288

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for 123 COLLIER STREET, Barrie (City Centre).

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.