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For Sale · Office

7291 WREN STREET, Mission

7291 WREN STREET, Mission, BC V2V3B3

$1.3M total

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Asset Class

Office

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

84%

About this property

Formerly utilized as the Wren & Raven presentation centre, this versatile commercial/flex building offers incredible potential. An independent architectural report indicates strong feasibility for a 25-child daycare facility (prospective buyers are advised to independently verify all daycare licensing requirements, zoning bylaws, and municipal approvals with the City). Featuring a flexible open layout and available architectural drawings, this property presents a unique opportunity for investors and owner-occupants alike. Don't miss out! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.29M
Down payment30% · $387K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$65K

Annual cash flow

$-6K

Cash-on-cash

-1.61%

DSCR

0.91

Going-in cap

5.06%

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

140,507

Households

53,889

Median income

$118,500

Median age

36

Daytime population

230,993

5-yr growth

7.8%

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

Secure deal room

Confidential diligence documents for 7291 WREN STREET, Mission.

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.