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Business For Sale · Office

206 - 1111 VICTORIA AVENUE E, Thunder Bay (McKeller Park)

206 - 1111 VICTORIA AVENUE E, Thunder Bay (McKeller Park), ON P7C1B7

Price on request

1,500 SF

Asset Class

Office

Size

1,500 SF

Building class

C

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

84%

About this property

Approx. 1,500 sq.ft. upstairs office suite for lease at 1111 Victoria Ave. E., Thunder Bay. The layout includes four private offices, a small boardroom, a kitchen area and a washroom, so it's ready for a professional office team. Landlord is open to negotiating tenant improvements for long-term tenants, subject to lease term and agreed rental rate. Ideal for established businesses seeking stability and growth (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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
Northbridge Logistics853 SF2029-11
Northbridge Logistics400 SF2029-11
Northbridge Logistics400 SF2029-11

Area demographics

Trade area within 3 miles of the property.

Population

78,584

Households

33,729

Median income

$107,000

Median age

33.5

Daytime population

100,243

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 206 - 1111 VICTORIA AVENUE E, Thunder Bay (McKeller Park).

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.