For Sale · Specialty

755 MCGILL Road Unit# 208, Kamloops

755 MCGILL Road Unit# 208, Kamloops, BC V2C0B6

$525,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

91%

Year Built

2016

Lot Size

0.02 ac

About this property

Landmark commercial opportunity. Professionally renovated office space in the centre of Sahali. Reception area, and 3 office spaces with lunch room area and washroom all designed and built to meet a variety of business uses. Ground level entry, easy accessibility all within walking distance to shopping amenities, and the university. 2 parking spots included at a prepaid value of 50k per spot. CD2 zoning allows for a wide range of uses from daycare, offices/retail, to personal services, pubs and more. (id:66811)

Financial sandbox

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Estimate
Purchase price$525K
Down payment30% · $158K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$32K

Annual cash flow

$3K

Cash-on-cash

2.07%

DSCR

1.11

Going-in cap

6.16%

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

64,574

Households

26,210

Median income

$137,000

Median age

37

Daytime population

85,550

5-yr growth

7%

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

Secure deal room

Confidential diligence documents for 755 MCGILL Road Unit# 208, Kamloops.

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.