For Lease · Office

275 WELLINGTON STREET, Sarnia

275 WELLINGTON STREET, Sarnia, ON N7T1H1

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

94%

Lot Size

9.4 ac

About this property

LANDMARK HEALTH & WELLNESS CAMPUS | FLEXIBLE SPACES | TURNKEY BUILD-OUTS. Exceptional leasing opportunity at 275 Wellington St, a 140,000 SF landmark Health, Wellness & Community Services Campus in Sarnia. Home to Bluewater Health, Sarnia-Lambton Ontario Health Team and other healthcare providers. Ideal for medical and dental clinics, women's healthcare, rehabilitation, wellness, personal services, professional offices, education and community programs. Flexible options from individual rooms and shared suites to large customized premises. Landlord willing to provide fully finished turnkey space, with optional shared reception, administration, billing, cleaning and utilities. Benefit from potential professional collaboration, cross-referrals and shared amenities. High ceilings, large windows, free parking, transit access and convenient location near downtown. Flexible lease terms. Bring your vision - we'll help create your ideal space! Uses subject to applicable approvals. The premises are fully secured with 24 hours CCTV monitoring and access controls. Landlord prepared to invest in renovations, leasehold improvements and turnkey build-outs, with costs and terms negotiated based on tenant requirements and lease duration. Potential options for shared reception, administration, billing support, cleaning, utilities, internet and common facilities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

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

115,811

Households

50,572

Median income

$76,000

Median age

39.7

Daytime population

134,478

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 275 WELLINGTON STREET, Sarnia.

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.