For Lease · Office

176 5TH STREET, Kitimat

176 5TH STREET, Kitimat, BC V8C2C2

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CO — Commercial Office

$ / SF

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Occupancy

93%

Lot Size

0 ac

About this property

Looking for a place to situate your business with tons of exposure? Look no further. Located right on the comer of a busy street in the service center this 1645 sq. ft. building could be exactly what your business needs to take the next step in Kitimat. Tons of potential in this unit with large wooden beams inside, add your touches to make it exactly what you imagine your company looking like. New H/E furnace and bathroom installed in 2023. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

131,181

Households

49,420

Median income

$120,500

Median age

35.3

Daytime population

166,943

5-yr growth

9.2%

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

Secure deal room

Confidential diligence documents for 176 5TH STREET, Kitimat.

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.