1/13575 North Rd, Gabriola Island
575 North Rd, Gabriola Island, BC V0R1X3
Price on request
5,166 SF
Asset Class
Specialty
Size
5,166 SF
Building class
C
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
95%
About this property
Three spaces available for lease in the Village Center. Unit #8 is 1245 sq ft, formerly a restaurant and could be office space, retail or a restaurant/cafe. Rent is approx $2600/m. Unit #4 is an office space on the second floor above the liquor store. It is 437 sq ft, has a washroom and rent is approx $750/month. Unit #9 is currently Retail with 1899 sq ft on the main floor and a 1585 sq ft mezzanine. Rent is negotiable - lots of options here. TI allowances available to be negotiated with the rent amount. Folklife Village, also known as the Gabriola Village Center, is the cultural and retail hub on Gabriola Island. With a range of essential services, cultural experiences, and opportunities it is the most visited location on the island. Current tenants include: The Vancouver Island Library, Nesters Grocery Store, Island Pharmacy, The Wooden Hanger, NOVA Art & Craft Boutique, Village Liquor Store and others. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$83K
Annual cash flow
$-511
Cash-on-cash
-0.11%
DSCR
0.99
Going-in cap
5.51%
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 |
|---|---|---|
| Halcyon Wealth Partners | 2,405 SF | 2031-05 |
| Halcyon Wealth Partners | 2,503 SF | 2031-05 |
Area demographics
Trade area within 3 miles of the property.
Population
140,485
Households
55,537
Median income
$87,000
Median age
41.6
Daytime population
237,162
5-yr growth
5.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 575 North Rd, Gabriola Island.
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.