For Lease · Retail

7 140 Terminal Ave, Nanaimo

7 140 Terminal Ave, Nanaimo, BC V8T5H6

$17 per sq ft / yr

1,578 SF

Asset Class

Retail

Size

1,578 SF

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

$0

Occupancy

83%

About this property

This unit also benefits from its location within a busy centre, neighbouring stable national anchor tenants. There is easy access from both directions on Highway 1, with 66 surface parking stalls available. Excellent ceiling heights, ample natural light, and all the quality custom office and reception furniture included speak to the desirability of this unit. Permitted uses include, but are not limited to: retail uses, personal services, medical/pharmacy, office, financial institutions, entertainment, restaurant, veterinary clinic - and a variety of other commercial uses. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$17
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-2.20%

DSCR

0.88

Going-in cap

4.88%

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
Cascade Foods Inc.548 SF2029-03
Cascade Foods Inc.766 SF2029-03

Area demographics

Trade area within 3 miles of the property.

Population

68,480

Households

25,018

Median income

$106,500

Median age

45.9

Daytime population

59,842

5-yr growth

2.3%

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

Secure deal room

Confidential diligence documents for 7 140 Terminal Ave, 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.