451 Albert St, Nanaimo451 Albert St, Nanaimo — photo 2451 Albert St, Nanaimo — photo 3451 Albert St, Nanaimo — photo 4451 Albert St, Nanaimo — photo 5451 Albert St, Nanaimo — photo 6451 Albert St, Nanaimo — photo 7
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For Lease · Specialty

451 Albert St, Nanaimo

451 Albert St, Nanaimo, BC V9R2V9

$15 per sq ft / yr

7,600 SF

Asset Class

Specialty

Size

7,600 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$0

Occupancy

84%

Year Built

1954

Lot Size

0.256198347107438 ac

About this property

BIG SPACE. PRIME LOCATION. FLEXIBLE LEASING! An excellent opportunity to secure up to 7,600 sq. ft. of versatile commercial space at 451 Albert Street in a highly visible DT8-zoned location. The 3,800 sq. ft. main floor, currently operating as a hardware store, offers excellent storefront exposure at $15/sq. ft. The 3,800 sq. ft. upper floor is offered at $12/sq. ft. with convenient rear access and loading dock. Lease one floor or the entire building—ideal for a growing business needing space, accessibility and exposure. Features include rear paved parking, gas forced-air heating, multiple power meters and 3-phase power. Conveniently located short drive to BC Ferries, Hullo Ferry, seaplane and Helijet terminals. Bring your business and your vision! Tenants to complete their own due diligence. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$15
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

0.20%

DSCR

1.01

Going-in cap

5.60%

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)

TenantAreaExpiry
Northbridge Logistics6,399 SF2031-11

Area demographics

Trade area within 3 miles of the property.

Population

98,977

Households

42,147

Median income

$123,000

Median age

36.3

Daytime population

100,966

5-yr growth

7.3%

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

Secure deal room

Confidential diligence documents for 451 Albert St, 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.