For Sale · Office

108 3855 HENNING DRIVE, Burnaby

108 3855 HENNING DRIVE, Burnaby, BC V5C6N3

$1.3M total

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

91%

Year Built

1995

About this property

High exposure corner Office space located in Bridge Business Park only a ½ block from the Gilmore Skytrain Station. Widely considered to be the geographical center of Metro Vancouver, this property provides excellent access to all key Metro Vancouver business locations via the Trans-Canada Highway, the Lougheed Highway, Boundary Road, 1st Avenue to the Downtown Core. This main floor fully air conditioned unit features 200 amp electrical power, ceramic tile flooring, pot track and fluorescent lighting, two (2) private offices, boardroom, carpeting throughout private office area and one (1) washroom. 1,292 square feet of the space has operated as a café since 1992 and could continue as a café. A business license for café is to be verified with the City of Burnaby. The unit also includes 4 dedicated parking stalls out front of unit. Please telephone or email listing agents for further information and to book a showing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.33M
Down payment30% · $399K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$82K

Annual cash flow

$8K

Cash-on-cash

2.10%

DSCR

1.11

Going-in cap

6.17%

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

144,494

Households

50,541

Median income

$68,000

Median age

37.6

Daytime population

164,892

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for 108 3855 HENNING DRIVE, Burnaby.

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.