For Sale · Office

2906 E 2ND AVENUE, Vancouver

2906 E 2ND AVENUE, Vancouver, BC V5M1E6

$738,800 total

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Asset Class

Office

Size

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Building class

C

Zoning

CO — Commercial Office

$ / SF

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Occupancy

83%

Year Built

2017

About this property

Excellent street-level commercial unit offering over 800 sq. ft. in a vibrant, growing neighbourhood. A great opportunity for an owner-user, with potential for a hair salon, professional office or other business use. Conveniently located across the street from T&T Supermarket, with easy access to downtown, SkyTrain and nearby bus stops. Establish your business in an area experiencing exciting growth and change. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$739K
Down payment30% · $222K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$42K

Annual cash flow

$582

Cash-on-cash

0.26%

DSCR

1.01

Going-in cap

5.62%

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

114,585

Households

45,222

Median income

$101,000

Median age

32.4

Daytime population

127,514

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 2906 E 2ND AVENUE, Vancouver.

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.