35 Campbell Avenue
St. John's, NL, A1E2Z3
$2,000,000
About the property (MLS: 1282071):
Net Rentable area of 14000 sq. ft. Paved Parking for 40 cars with additional expansion space available to the rear and east of the building .Wrap around windows on the second and third levels .Theses floors can can be accessed via a 12-person Dover elevator or staircases to the front and rear of the building .Heating is rooftop mounted units with supplementary electric baseboard units. The cooling source is rooftop mounted units . 1200 amp,120/208-volt Main entrance with separate electrical meters for each floor. For Leasing purposes the main floor asking rate is $14.00 psf triple net and the top floor at $12.00 psf triple net. *****Please note that second floor viewings are by appointment only after hours as this floor is occupied (leased) by Eastern Health for doctors and their patients in multiple clinics . (id:56688)
Property Details
Listing ID: 27981981
Address: 35 Campbell Avenue, St. John's, Newfoundland & Labrador, Canada A1E2Z3
Status: Active
Last updated: 4 months ago ( Mar 5, 2025 )
Year Built: 1990
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Heating: Baseboard heaters, Radiant heat, Electric
Flooring: Carpeted, Other, Mixed Flooring
Living Area Total: 14,226 square feet
Price per sq ft: $141
Tax Annual Amount: $31,800
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Radiant heat, Electric
Flooring: Carpeted, Other, Mixed Flooring
Common Interest: Freehold
Business Type: Other, Service
Building Features: Air Conditioning
Number of photos available: 21
Rurl
Coordinates: [47.554277, -52.725481]
Rooms
Basic Calculator
First Mortgage: $1,600,000
Mortgage insurance premium: $0
Total Financing: $1,600,000
Rough closing fee (1.5%): ~ $30,000
Total downpayment with estimated closing fee: $430,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $15,649 | $187,788 |
| Gross rental income (income/principal ratio) | 0.782% | 9.389% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,500 | $30,000 |
| Vacancy | $783 | $9,390 |
| Management Fee | $1,252 | $15,024 |
| Expense / Income Ratio | 15.98% | 15.98% |
| Cash Flow | $11,115 | $133,380 |
| Net Operating Income (NOI) | $11,115 | $133,380 |
| Capitalization Rate | 0.56% | 6.67% |
