For Sale · Specialty

214-218 Brunswick, Fredericton

214-218 Brunswick, Fredericton, NB E3B1G9

$3.1M total

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

88%

Lot Size

0.24611674236321493 ac

About this property

Commercial property located in a high traffic location of Fredericton South. Fully renovated building located in a high traffic location. Mixture of commercial and residential unit. First 2 floors are commercial with existing tenants in floor 1, floor 2 is ready for occupancy and floor 3 consisting of 2 luxurious 1 bedroom apartments complete with outdoor living space and spa like bathrooms. On site parking, walking distance to everything downtown Fredericton has to offer and a low maintenance building make this an excellent investment option. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.10M
Down payment30% · $930K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$14K

Projected NOI

$212K

Annual cash flow

$41K

Cash-on-cash

4.37%

DSCR

1.24

Going-in cap

6.85%

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

130,232

Households

48,789

Median income

$112,500

Median age

31.6

Daytime population

159,982

5-yr growth

7.8%

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

Secure deal room

Confidential diligence documents for 214-218 Brunswick, Fredericton.

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.