For Sale · Office

603-604 - 5400 PORTAGE ROAD, Niagara Falls (Hospital)

603-604 - 5400 PORTAGE ROAD, Niagara Falls (Hospital), ON L2G5X7

$297,000 total

1,213 SF

Asset Class

Office

Size

1,213 SF

Building class

B

Zoning

DC1 — Direct Control

$ / SF

$245

Occupancy

90%

About this property

Why lease when you can own? Rare opportunity to acquire a penthouse double office suite in a well-known professional medical building directly across from the Greater Niagara General Hospital. The condo unit offers a functional layout with four exam rooms, two consultation rooms, lab space, reception area, private in-suite washroom, and a shared waiting room. This bright professional space has elevated views, and recent building updates include new elevators.The building is home to a strong network of referring physicians and medical professionals, including family doctors and specialists, and has a pharmacy and lab on site. It is centrally located with convenient access to the QEW and public transit, and has ample on-site parking. The condo fees include all utilities (excluding phone and internet), on-site superintendent/handyman, parking lot and garden maintenance, and snow removal. This is a professionally managed condominium with an owner-led board. Medical, dental, and health-related uses only. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$297K
Down payment30% · $89K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$16K

Annual cash flow

$-317

Cash-on-cash

-0.36%

DSCR

0.98

Going-in cap

5.43%

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 Group492 SF2032-11
Aurora Legal LLP602 SF2032-11

Area demographics

Trade area within 3 miles of the property.

Population

76,136

Households

34,024

Median income

$105,500

Median age

46

Daytime population

75,073

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 603-604 - 5400 PORTAGE ROAD, Niagara Falls (Hospital).

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.