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For Lease · Office

211C 750 Comox Rd, Courtenay

211C 750 Comox Rd, Courtenay, BC V9N3P6

$20 per sq ft / yr

1,732 SF

Asset Class

Office

Size

1,732 SF

Building class

Zoning

CB2 — Central Business

$ / SF

Occupancy

92%

Year Built

1995

About this property

Just off the bypass by Farquharson Farms, centrally located office space currently leased to March 31, 2027. 1732 s.f. demised into 4 offices, a boardroom, two storage rooms, staff lunchroom, washroom and an open area off the offices that could be a bullpen; plus a reception area currently used as 2 additional offices. Current tenants have outgrown the space. Includes 4 allocated (off-street) parking stalls in front of the office. The building has an entry lobby, shared by the 3 tenants. Comprehensive C-2 (Commercial Two) zoning allows many uses including but not limited to offices, retail, medical clinic, veterinary clinic, facility for adults with disability, daycare. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$20

Down payment30% · $6

Interest rate6.25%

Amortization25 years

Occupancy92%

Expense growth2.5%

Monthly debt service

Projected NOI

Annual cash flow

$-0

Cash-on-cash

-3.14%

DSCR

0.83

Going-in cap

4.60%

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)

Tenant	Suite	Area	Rent / SF	Expiry
Meridian Health Group	240	696 SF	$31.08	2027-10
Meridian Health Group	240	400 SF	$31.20	2027-10
Meridian Health Group	250	400 SF	$31.32	2027-10
Aurora Legal LLP	240	400 SF	$31.44	2027-10

Area demographics

Trade area within 3 miles of the property.

Population

108,303

Households

43,479

Median income

$122,000

Median age

37.1

Daytime population

138,717

5-yr growth

5.9%

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

Secure deal room

Confidential diligence documents for 211C 750 Comox Rd, Courtenay.

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.