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2599 Wilmington Rd 16,522 SF 100% Leased Office Building New Castle, PA 16105 $1,921,920 CAD ($116.32 CAD/SF) 11.65% Cap Rate

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Investment Highlights

The building is currently tenant occupied producing a steady income stream.
36 private offices, conference rooms, break rooms, reception area.

2 story brick commercial building, 16522 sf.

Executive Summary

This 16,000-square-foot, two-story commercial building offers a versatile and functional layout, designed to accommodate a variety of business needs. The building includes 36 private offices, perfect for individual workspaces or team-based environments. These offices are distributed across both floors, maximizing the building's use of space. A spacious, welcoming reception area greets visitors as they enter. 3 Conference Rooms provide quiet and private meeting spaces for client presentations and team discussions. Break Rooms offer employees a comfortable area for lunch or informal meetings. The building includes a designated mechanical room. The upper and lower floor provides a professional layout for workflow efficiency. This building blends functionality with flexibility, providing a high-quality environment for businesses while generating income for the owner. The building is currently tenant-occupied, producing a steady income stream.

Financial Summary (Actual - 2024)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$263,578	$15.95
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$263,578	$15.95
Net Operating Income	-	-

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual	$263,578
Annual Per SF	$15.95

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$263,578
Annual Per SF	$15.95

Net Operating Income (CAD)
Annual	-
Annual Per SF	-

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

16,522 SF

Building Class

Year Built

1990

Price

$1,921,920 CAD

Price Per SF

$116.32 CAD

Cap Rate

11.65%

NOI

$223,904 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

8,261 SF

Building FAR

0.16

Lot Size

2.34 AC

Zoning

R/3 - R/3 zoning is often designed for multi-family residential use, allowing for higher-density residential development compared to single-family zoning.

Parking

60 Spaces (3.63 Spaces per 1,000 SF Leased)

Major Tenants

Professional, Scientific, and Technical Services
-
-
Dec 2027

Baker Tilly est un cabinet de conseil de premier plan en fiscalité et en assurance qui se consacre à des solutions d'affaires personnalisées qui génèrent et soutiennent la croissance. Ils dirigent avec détermination et ils accompagnent leurs clients à chaque étape de leur parcours. L'entreprise de Baker Tilly naît en 1931 à Waterloo, au Wisconsin, au plus fort de la Grande Dépression. Ed Virchow a lancé son entreprise en effectuant des vérifications aux conserveries du Midwest qui aidaient à nourrir la nation. Depuis, ils se sont associés à de multiples entreprises différentes, augmentant ainsi leur présence d'un océan à l'autre et à l'étranger. Leur parcours les a menés d'une entreprise locale à une entreprise régionale en passant par une entreprise mondiale, misant sur leur culture de passion, d'innovation et de collaboration et toujours à la recherche de la meilleure façon de travailler, de servir et de communiquer.