For Lease · Specialty

625 Front Street Unit# 106, Nelson

625 Front Street Unit# 106, Nelson, BC V1L4B6

Price on request

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

92%

About this property

Suite 106 offers 327 SF of finished commercial space in Nelson’s distinctive Corner Brick building at 625 Front Street. The suite combines exposed brick, original wood floors and large street-facing windows with a private off-street entrance, creating a compact and distinctive space suitable for professional office, service or other compatible commercial uses. For a tenant requiring additional space, approximately 700 SF of separate unfinished lower-level space may also be available for potential expansion, with improvements and configuration to be discussed based on tenant requirements. The Corner Brick offers a professional multi-tenant environment with controlled building access, elevator service, secure interior bicycle storage, off-street parking and modern security and fire-protection infrastructure. The building also has communications infrastructure supporting high-speed/fibre service options. Located at 625 Front Street, the property provides convenient access to Nelson’s downtown business district while retaining the brick, timber and heritage character that distinguishes the building. Lease rate: $1,250/month, plus additional rent and GST. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

65,139

Households

22,766

Median income

$69,500

Median age

38.4

Daytime population

64,217

5-yr growth

6.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 625 Front Street Unit# 106, Nelson.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.