For Sale · Retail

300 N BROADWAY AVENUE, Williams Lake

300 N BROADWAY AVENUE, Williams Lake, BC V2G2Y7

$585,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

85%

Year Built

1987

Lot Size

0.2 ac

About this property

An excellent opportunity to acquire a well-equipped commercial property offering versatility for a variety of business operations. The building features three drive-in bays, each approximately 29' deep, along with a functional interior layout that includes office space, a lunchroom, locker room, shower facilities, washrooms, and two additional rooms suitable for sleeping quarters or a variety of other uses. Currently leased to BC Ambulance under a strong, long-term tenancy agreement, with a two-year term and an optional five-year extension, this property offers an attractive opportunity for investors seeking immediate rental income. Alternatively, the flexible layout provides potential for future owner occupancy with up to 8 parking spots. A versatile commercial investment with established income and plenty of possibilities! (id:66811)

Financial sandbox

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Estimate
Purchase price$585K
Down payment30% · $176K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$30K

Annual cash flow

$-2K

Cash-on-cash

-1.14%

DSCR

0.94

Going-in cap

5.20%

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

49,222

Households

17,252

Median income

$64,000

Median age

42.4

Daytime population

64,300

5-yr growth

4%

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

Secure deal room

Confidential diligence documents for 300 N BROADWAY AVENUE, Williams Lake.

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.