25 Hebron Way
St. John's, NL, A1A5G9
$3,900,000
About the property (MLS: 1280402):
PRIME LOCATION!! This is an unbelievable opportunity to have your very own 16,000 square foot multi suite building that is zoned Commercial Regional (CR) in one of the best locations in the city! 25 Hebron Way is centrally located off of Torbay road and is adjacent to the ever busy Stavanger Drive district. This building is also minutes from the TCH highway via the Outer Ring Road and is across the street from power house businesses such as Canadian Tire, ExxonMobil, Verafin just to name a few! Hebron Way houses over 150,000 square feet of fully occupied office buildings, with another 110,000 square feet under construction and 30,000 square feet of indoor recreation facilities a Montessori School, along with multiple restaurants and services. This 16,000 square foot building has 1 vacant suite at 4000 sq/ft that is ready for fit ups. With a depth of 82 feet and 24 foot ceilings this is an ideal addition to your investment portfolio with room to grow!! Book your viewing today, This property will not last long!!! (id:56688)
Property Details
Listing ID: 27749558
Address: 25 Hebron Way, St. John's, Newfoundland & Labrador, Canada A1A5G9
Status: Active
Last updated: a month ago ( Dec 20, 2024 )
Year Built: 2015
Property Type: Retail
Structure Type: Special Purpose
Ownership Type: Freehold
Heating: Forced air
Flooring: Concrete Slab
Living Area Total: 16,000 square feet
Price per sq ft: $244
Tax Annual Amount: $89,624
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Forced air
Flooring: Concrete Slab
Cooling: Air exchanger
Common Interest: Freehold
Business Type: Automobile, Industrial, Other, Restaurant, Retail and Wholesale
Building Features: Air Conditioning
Number of photos available: 17
Rurl
Coordinates: [47.616537, -52.726195]
Rooms
Basic Calculator
First Mortgage: $3,120,000
Mortgage insurance premium: $0
Total Financing: $3,120,000
Rough closing fee (1.5%): ~ $58,500
Total downpayment with estimated closing fee: $838,500
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $17,600 | $211,200 |
| Gross rental income (income/principal ratio) | 0.451% | 5.415% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $4,875 | $58,500 |
| Vacancy | $880 | $10,560 |
| Management Fee | $1,408 | $16,896 |
| Expense / Income Ratio | 27.70% | 27.70% |
| Cash Flow | $10,437 | $125,244 |
| Net Operating Income (NOI) | $10,437 | $125,244 |
| Capitalization Rate | 0.27% | 3.21% |
