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Business For Sale · Office

114 2nd STREET E, Wilkie

114 2nd STREET E, Wilkie, SK S0K4W0

$159,000 total

2,806 SF

Asset Class

Office

Size

2,806 SF

Building class

B

Zoning

CB2 — Central Business

$ / SF

$57

Occupancy

91%

Year Built

1979

Lot Size

0.14 ac

About this property

This professionally renovated office building is in a great location in Wilkie, wheel chair accessible! Lots of natural light throughout the building as well as LED lighting upgrades. Building currently has three good sized offices (13.5' x 10.5') leased for $600/month, (9.5' x 19.5') with adjoining room without window (11.5' x 21')), (13.5' x 11.5' + 10' x 16.5'), board room (11.5' x 21'), kitchenette/coffee room (13.5' x 18'), two walk-in vaults, two storage rooms, two washrooms & utility rooms; most recent renovations were done in 2017 transforming it from a bank to offices; off-street parking at the rear of the property; roof-top heating and Air conditioning system has been serviced annually; furniture included. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$159K
Down payment30% · $48K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$734

Projected NOI

$11K

Annual cash flow

$2K

Cash-on-cash

3.64%

DSCR

1.20

Going-in cap

6.63%

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
Meridian Health Group794 SF2027-04
Meridian Health Group1,752 SF2027-04

Area demographics

Trade area within 3 miles of the property.

Population

113,583

Households

42,328

Median income

$74,000

Median age

41.8

Daytime population

150,573

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 114 2nd STREET E, Wilkie.

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.