0 1611 Bowen Rd, Nanaimo0 1611 Bowen Rd, Nanaimo — photo 20 1611 Bowen Rd, Nanaimo — photo 30 1611 Bowen Rd, Nanaimo — photo 40 1611 Bowen Rd, Nanaimo — photo 50 1611 Bowen Rd, Nanaimo — photo 60 1611 Bowen Rd, Nanaimo — photo 70 1611 Bowen Rd, Nanaimo — photo 80 1611 Bowen Rd, Nanaimo — photo 90 1611 Bowen Rd, Nanaimo — photo 100 1611 Bowen Rd, Nanaimo — photo 110 1611 Bowen Rd, Nanaimo — photo 120 1611 Bowen Rd, Nanaimo — photo 130 1611 Bowen Rd, Nanaimo — photo 140 1611 Bowen Rd, Nanaimo — photo 150 1611 Bowen Rd, Nanaimo — photo 160 1611 Bowen Rd, Nanaimo — photo 170 1611 Bowen Rd, Nanaimo — photo 180 1611 Bowen Rd, Nanaimo — photo 19
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For Lease · Office

0 1611 Bowen Rd, Nanaimo

0 1611 Bowen Rd, Nanaimo, BC V9S1G5

$23 per sq ft / yr

1,050 SF

Asset Class

Office

Size

1,050 SF

Building class

C

Zoning

CO — Commercial Office

$ / SF

$0

Occupancy

98%

About this property

Seeking high exposure in a great location with on-site parking? This is it! This ground floor office space is available and offers roughly 1040 square feet. The Bowen Professional Center is conveniently located on Bowen Rd. It is in central Nanaimo and easily accessible to both foot & vehicle traffic. The building was updated within the last 5 years and the subject space is currently being renovated to new condition. The building has undergone a complete exterior facade upgrading and lighting. This space features a heat pump for heating and air conditioning, modern tile, handicap bathrooms, LED lighting, brand new carpet tile flooring, panel doors, walls, and paint in a modern colour scheme. This unit comes with illuminated LED signage located on the canopy above the premises. Each tenant has the opportunity to be displayed on the main pylon sign located on Bowen Rd. The signage boasts 200 square feet of white clad facade with an LED digital time & temperature display. Book your showing today! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$23
Down payment30% · $7
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-4.27%

DSCR

0.77

Going-in cap

4.26%

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.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics662 SF2033-10
Vector Robotics400 SF2033-10

Area demographics

Trade area within 3 miles of the property.

Population

134,040

Households

56,819

Median income

$82,000

Median age

40.8

Daytime population

119,265

5-yr growth

4%

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

Secure deal room

Confidential diligence documents for 0 1611 Bowen Rd, Nanaimo.

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.