For Lease · Office

LL 11 - 101 WORTHINGTON STREET E, North Bay (Central)

LL 11 - 101 WORTHINGTON STREET E, North Bay (Central), ON P1B1G5

$12 per sq ft / yr

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Asset Class

Office

Size

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Building class

B

Zoning

CO — Commercial Office

$ / SF

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Occupancy

88%

About this property

4,733 sf lower level storage space available in a high-class office space complex in a prestigious and easily accessible location in the downtown core. Located on a large corner lot, this marble and stone 4 storey building has great exposure to both Ferguson and Worthington St. A short walk to all downtown amenities with a large municipal parking lot across the street. Rate at $12.00 gross/sf/yr + HST. Hydro Included. (id:66811)

Financial sandbox

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Estimate
Purchase price$12
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

5.97%

DSCR

1.32

Going-in cap

7.33%

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

57,573

Households

23,127

Median income

$78,500

Median age

45.3

Daytime population

84,541

5-yr growth

8.5%

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

Secure deal room

Confidential diligence documents for LL 11 - 101 WORTHINGTON STREET E, 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.