Business For Sale · Office

111 Main Road, Come By Chance

111 Main Road, Come By Chance, Newfoundland & Labrador A0B1N0

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

86%

About this property

A fantastic opportunity for businesses looking for functional and versatile commercial space in the heart of Come By Chance. This well-laid-out property offers multiple private offices/rooms, common areas, washroom facilities, a kitchen/break area, and multiple access points, providing plenty of flexibility for a variety of commercial uses. The existing layout lends itself especially well to professional offices, medical or wellness services, counselling, training, administrative operations, or a shared professional workspace. With several individual rooms already in place, businesses can move in and make the space their own without the expense of starting from scratch. Conveniently located in Come By Chance and within easy reach of Arnold’s Cove, Sunnyside, the Come By Chance Refinery and surrounding industrial operations, this is an excellent opportunity for a company looking to establish or expand its presence in an active employment hub on the Isthmus. Available for lease as a full, or smaller individual offices! Lease terms and permitted uses subject to approval. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

41,070

Households

16,784

Median income

$109,500

Median age

34.5

Daytime population

50,488

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for 111 Main Road, Come By Chance.

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.