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$585,000 total
—
Asset Class
Retail
Size
—
Building class
C
Zoning
CNC — Neighbourhood Commercial
$ / SF
—
Occupancy
85%
Year Built
1987
Lot Size
0.2 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 300 N BROADWAY AVENUE, Williams Lake.
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.