For Lease · Office

1368 20800 WESTMINSTER HIGHWAY, Richmond

1368 20800 WESTMINSTER HIGHWAY, Richmond, BC V6V2W3

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

94%

Year Built

1996

About this property

Excellent opportunity to lease a bright, spacious, and highly functional professional office in the well-established Goldbar Plaza. This versatile space offers a combination of large open work areas, private office/meeting spaces, and existing workstations, making it suitable for a wide variety of professional and business uses. The office features abundant natural light from large windows, a practical open-concept layout, existing office partitions and built-in workstations, along with a private kitchenette equipped with ample cabinetry, countertop space, and sink. The flexible configuration provides plenty of room for individual offices, collaborative work areas, boardroom or meeting space, reception, and additional staff workstations. The premises are fully air-conditioned and offer excellent potential for a company looking for a sizeable office that can be customized to suit its operational needs. Existing improvements can help reduce the time and expense required to set up a new workplace. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

55,114

Households

20,940

Median income

$68,000

Median age

40.5

Daytime population

74,997

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for 1368 20800 WESTMINSTER HIGHWAY, Richmond.

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.