For Lease · Office

102 - 60 CHAMPLAIN STREET, North Bay (College Heights)

102 - 60 CHAMPLAIN STREET, North Bay (College Heights), ON P1B7M4

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

85%

About this property

Excellent opportunity to lease approximately 1,600 sq. ft. of versatile commercial space in a convenient North Bay location! Situated on the lower level of an established commercial building, this unit offers a functional layout featuring a spacious reception and waiting area, multiple private offices or treatment rooms, a washroom, laundry area, and additional storage.Ideally suited for medical, wellness, counselling, professional services, or a variety of small businesses, the space offers flexibility for businesses seeking a combination of private rooms and welcoming client areas.Located in a bustling commercial hub, the property is surrounded by popular amenities, including Sobeys, Starbucks, Shoppers Drug Mart, Hampton Inn, and numerous other retail and service businesses. Ample parking around the building provides convenient access for staff and clients.Offered at $2,000/month, this is an excellent opportunity for an established or growing business looking for affordable commercial space in a well-connected location.Book your private viewing today! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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

95,711

Households

37,460

Median income

$124,500

Median age

37.2

Daytime population

92,357

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for 102 - 60 CHAMPLAIN STREET, North Bay (College Heights).

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.