For Lease · Specialty

625 Front Street Unit# 202, Nelson

625 Front Street Unit# 202, Nelson, BC V1L4B6

$26 per sq ft / yr

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Asset Class

Specialty

Size

—

Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

84%

About this property

Suite 202 offers 716 SF of finished second-floor commercial space in Nelson’s distinctive Corner Brick building at 625 Front Street. The suite combines exposed timber beams, an original brick feature wall and refinished wood flooring with large windows providing excellent natural light throughout the space. Accessible by building elevator or stairs, the suite is well suited to professional office, consulting, creative, service or other compatible commercial uses. The recently renovated interior provides a bright, professional workspace while retaining the brick-and-timber character of the building. The Corner Brick offers a professional multi-tenant environment with controlled building access, elevator service, secure interior bicycle storage, off-street parking and modern security and fire-protection infrastructure. The building also has communications infrastructure supporting high-speed/fibre service options. Located at 625 Front Street, the property provides convenient access to Nelson’s business district, waterfront and surrounding amenities while retaining the brick, timber and heritage character that distinguishes the building. (id:66811)

Financial sandbox

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Estimate
Purchase price$26
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

0.70%

DSCR

1.04

Going-in cap

5.75%

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

62,056

Households

22,408

Median income

$64,500

Median age

36.2

Daytime population

59,467

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 625 Front Street Unit# 202, Nelson.

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.