For Lease · Retail

2050 HART HIGHWAY, Prince George

2050 HART HIGHWAY, Prince George, BC V2K2X6

Price on request

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

92%

Year Built

2024

Lot Size

0 ac

About this property

For lease is a 4-bay shop with reception area, offices and a board room constructed in 2024. Each bay measures 20' x 40', with 18' ceilings, a 14' bay door and each bay has its own mezzanine for storage. The bays are currently set up as a mechanical repair facility. At the front of the building you will find the reception area and an office on the main floor, with the board room and more offices on the upper level. Shared gated access to the fenced yard and some exterior space to be provided. Zoned C6 Highway Commercial some of the permitted uses include: vehicle sale, vehicle repair, vehicle rental, retail general, recycling centre and more. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

92,859

Households

32,437

Median income

$113,000

Median age

32.4

Daytime population

99,137

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for 2050 HART HIGHWAY, Prince George.

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.