rotate

Rotate your device back to portrait Mode!

Office Building For Sale at 101A QUEENSWAY E in Simcoe, Ontario

4 Sale ID #184206
Updated 02 Mar 2024

Asking Price

$1,900,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

N/A

Building Size

N/A

Premise Summary

Introducing a Remarkable Professional Office Building Designed to Exceed Expectations! Welcome to this purpose-built, free-standing gem constructed in 2013, where excellence meets resilience. Located in a highly sought-after and visible location, this impressive office building offers a prime position that will elevate your business's visibility and prestige. Meticulously and professionally maintained, this property exudes an aura of sophistication and success. Exceptional layout spanning an impressive 6,500 square feet across two levels. With 15 thoughtfully designed offices and 22 parking spaces at the front and rear of the building, convenience and accessibility are at the forefront. Step into the main floor and be greeted by a welcoming reception area, setting the tone for a professional and inviting atmosphere. The boardroom awaits, perfect for hosting important meetings and presentations. Additionally, you'll discover 7 private offices, ideal for individual workspaces, along with ample file storage to keep everything organized and within reach. 3 well-appointed washrooms, a convenient kitchenette, and additional file storage complete this level, catering to all your business needs. On the lower level, there are 8 private offices & a dedicated staff kitchen, while a storage room offers ample space for keeping supplies and equipment neatly tucked away. A washroom with a shower is available for those who value a quick refresh, and a mechanical, electrical, and janitor room ensures all systems run smoothly. Further, this impressive building has been designed with the potential addition of a third floor in mind, providing endless possibilities for growth and expansion. Accessibility is a top priority, with ramp access to the main floor. Don't miss this exceptional opportunity to secure a professional office building that not only embodies quality and durability but also offers a fantastic layout and the potential for future growth. (id:39198)

  • MLS® : #40495152
  • Date Listed : 13 Oct 2023

Location

Province

Ontario

City

Simcoe

Address

101a Queensway E

Postal Code

N3Y4M5

Location Highlights

N/A

Listed by

PROGRESSIVE REALTY GROUP INC. Ontario listing

Category

office-buildings

Property Information

Premise Status

N/A

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

0

Year Built

N/A

Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,900,000

Asking Price

$1,900,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


Can't find what you're looking for?
Discover our vault of Non-MLS listings by working with our Licensed, Professional Buyer Advisors
help
Rate this listing for your dashboard.

Can't find what you're looking for?
Discover our vault of Non-MLS listings by working with our Licensed, Professional Buyer Advisors