1/546 Nicol St, Nanaimo
46 Nicol St, Nanaimo, BC V9R4S8
Price on request
1,535 SF
Asset Class
Specialty
Size
1,535 SF
Building class
B
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
85%
About this property
Large commercial kitchen for lease. This space has its own entry and separate hydro meter. Kitchen equipment has been removed other than the hood fan, tenant improvements required. Lease rate is plus GST, tenant to pay all utilities. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$70K
Annual cash flow
$-13K
Cash-on-cash
-2.97%
DSCR
0.84
Going-in cap
4.65%
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.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 1,311 SF | 2028-12 |
Area demographics
Trade area within 3 miles of the property.
Population
131,774
Households
51,752
Median income
$85,500
Median age
42
Daytime population
198,100
5-yr growth
7.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 46 Nicol St, Nanaimo.
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.