For Sale · Office

LL 24 - 101 WORTHINGTON STREET E, North Bay (Central)

LL 24 - 101 WORTHINGTON STREET E, North Bay (Central), ON P1B1G5

Price on request

—

Asset Class

Office

Size

—

Building class

C

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

83%

About this property

1,358 sf lower level storage space available in a high-class office space complex in a prestigious and easily accessible location in the downtown core. Located on a large corner lot, this marble and stone 4 storey building has great exposure to both Ferguson and Worthington St. A short walk to all downtown amenities with a large municipal parking lot across the street. Rate at $12.00 gross/sf/yr + HST. Hydro Included. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

94,925

Households

35,442

Median income

$106,000

Median age

45.2

Daytime population

148,936

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for LL 24 - 101 WORTHINGTON STREET E, North Bay (Central).

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.