For Sale · Office

304 - 22 COSTELLO DRIVE, Carleton Place

304 - 22 COSTELLO DRIVE, Carleton Place, ON K1E3J1

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

94%

Lot Size

1553 ac

About this property

HEALTH CARE PROVIDER OPPORTUNITY. Now open and operating, the Carleton Place Regional Health Hub is a purpose-built primary care facility merging all local family physicians into a single 15,000 square foot clinic. The Hub serves the western outlying Ottawa Region from the Ottawa western suburbs to regional towns such as Perth and Smith Falls. The building currently welcomes 300+ patient visits per day and growing, creating exceptional exposure and referral opportunities for allied health providers. Physicians are looking to provide continuity and coordination of patient care by collaborating on-site with other inter-professional health providers. A strong tenant mix is already in place including pharmacy, hearing, optical, psychotherapy and counselling services. Carleton Place is the epicentre of West Regional Ottawa, Canada's fastest growing region, with easy access to a population basin over 600,000. Retail has responded to the region's growing needs with a strong presence in Carleton Place including numerous big-box players. The Health Hub is a proactive response to the region's lacking, yet continuously growing, need for primary care delivery. Exciting opportunities remain for collaboration, including podiatry, dentistry, endoscopy, dermatology, pain management, and others. Units available from 1,000 to 8,000. Some units can be merged for larger users. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

118,530

Households

49,919

Median income

$63,000

Median age

37

Daytime population

180,840

5-yr growth

9.1%

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

Secure deal room

Confidential diligence documents for 304 - 22 COSTELLO DRIVE, Carleton Place.

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.