80 Brookfield Road
St. John's, NL, A1E3T9
$999,000
About the property (MLS: 1279709):
Commercial property on the city's west end near TCH, OTR, and downtown. It is ideal for owner-operators seeking a turnkey setup with offices and client areas. The property also offers a warehouse of 4,400 sq. ft. for additional rent income for the landlord or storage to complement business needs. 2nd-floor office space with newer leaseholds that could accommodate professional office settings for an accounting business, law office, etc. The warehouse features 16 feet height (14 feet beneath trusses), a dock loading door, a 400-amp and 600-volt electrical service, and parking for 20+ vehicles. The zoning of the property is (IC) Industrial Commercial, permitting a broad range of commercial retail, office and service uses. (id:56688)
Property Details
Listing ID: 27665330
Address: 80 Brookfield Road, St. John's, Newfoundland & Labrador, Canada A1E3T9
Status: Active
Last updated: 2 months ago ( Nov 19, 2024 )
Year Built: 1982
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Heat Pump, Propane
Flooring: Laminate, Ceramic Tile
Living Area Total: 7,352 square feet
Price per sq ft: $136
Tax Annual Amount: $18,200
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Propane
Flooring: Laminate, Ceramic Tile
Common Interest: Freehold
Business Type: Industrial, Other, Retail and Wholesale
Number of photos available: 9
Rurl
Coordinates: [47.521924, -52.764623]
Rooms
Basic Calculator
First Mortgage: $799,200
Mortgage insurance premium: $0
Total Financing: $799,200
Rough closing fee (1.5%): ~ $14,985
Total downpayment with estimated closing fee: $214,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $8,088 | $97,056 |
| Gross rental income (income/principal ratio) | 0.810% | 9.715% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,249 | $14,988 |
| Vacancy | $405 | $4,853 |
| Management Fee | $648 | $7,765 |
| Expense / Income Ratio | 15.44% | 15.44% |
| Cash Flow | $5,788 | $69,456 |
| Net Operating Income (NOI) | $5,788 | $69,456 |
| Capitalization Rate | 0.58% | 6.95% |
