Your email has been sent.
157 Bank St 1,000 - 2,400 SF of Office/Retail Space Available in Ottawa, ON K1P 5N7
Highlights
- Near a subway and frequent bus lines
- Located near restaurants and shopping
- Street parking
- Great exposure and pedestrian foot traffic
- Prime signage opportunity
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,400 SF | 2-10 Years | $19.26 CAD/SF/YR $1.61 CAD/SF/MO $26,964 CAD/YR $2,247 CAD/MO | Triple Net (NNN) | ||
| 2nd Floor | 1,000 SF | 2-10 Years | $19.26 CAD/SF/YR $1.61 CAD/SF/MO $19,260 CAD/YR $1,605 CAD/MO | Triple Net (NNN) |
1st Floor
Retail/office space available. Option to lease both the first and second floor together, or separate. $3,900 per month triple net. Space is currently vacant, landlord requires 60 days to prepare and build out space for new tenants.
- Lease rate does not include utilities, property expenses or building services
- Mostly Open Floor Plan Layout
- Space In Need of Renovation
- Can be combined with additional space(s) for up to 2,400 SF of adjacent space
- Located in-line with other retail
- Open-Plan
- Shell space fully customizable for new tenants
- Renovations and improvements underway
- Large storefront windows
2nd Floor
Can be rented out as a contiguous space with 1st floor. Office and retail. Space is currently vacant, landlord requires 60 days to prepare and build out space for new tenants.
- Lease rate does not include utilities, property expenses or building services
- Mostly Open Floor Plan Layout
- Space In Need of Renovation
- Can be combined with additional space(s) for up to 2,400 SF of adjacent space
- Natural Light
- Open-Plan
- Open plan fully customizable for new tenant
- Renovations and improvements underway
- Bright windows overlooking Bank St.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,400 SF | Gross Leasable Area | 3,696 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 2,400 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 3,696 SF |
| Year Built | 1900 |
About the Property
Located on one of Ottawa's most popular streets, heavily trafficked by pedestrians. Close to frequent transit lines, restaurants, shops, and Parliament Hill.
- Signage
- Air Conditioning
Nearby Major Retailers
Presented by
Mohammed Al-Zaidi
157 Bank St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.