Business For Sale · Office

420 - 101 WORTHINGTON STREET E, North Bay (Central)

420 - 101 WORTHINGTON STREET E, North Bay (Central), ON P1B1G5

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

98%

About this property

6,721 sf office 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. Lots of windows allow for great natural lighting throughout. A short walk to all downtown amenities with a large municipal parking lot across the street. Tastefully designed modern suites offer custom leasehold improvements to make the space fit your business. Rate at $18.00 gross/sf/yr+ HST. Hydro Included. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

89,466

Households

31,447

Median income

$91,500

Median age

45.5

Daytime population

89,191

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 420 - 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.