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For Lease · Office

1 - 1210 CASSELLS STREET, North Bay (Central)

1 - 1210 CASSELLS STREET, North Bay (Central), ON P1B4B7

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

91%

About this property

Professional treatment room available for lease within a well-established massage therapy clinic at 1210 Cassells Street. This updated and comfortable space is ideal for a health or wellness practitioner looking to operate alongside another Registered Massage Therapist while maintaining a private, dedicated treatment room. Tenants will also have access to a small waiting area, kitchen, laundry facilities and public washroom. Conveniently located at Cassells Street and King Street West, the property offers excellent visibility, easy building access and ample client parking. Monthly rent is $850, including shared use of the common space, laundry, utilities and snow removal. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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

82,733

Households

37,172

Median income

$135,000

Median age

39

Daytime population

131,454

5-yr growth

5.8%

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

Secure deal room

Confidential diligence documents for 1 - 1210 CASSELLS STREET, North Bay (Central).

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.