For Sale · Office

1501 LONSDALE AVENUE, North Vancouver

1501 LONSDALE AVENUE, North Vancouver, BC V7M2J2

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

87%

About this property

Prime Central Lonsdale turn-key commercial sublease opportunity! Located in a professional, well-maintained office building at 1501 Lonsdale Avenue, Suite 27 offers two private, lockable office rooms ideal for lawyers, |consultants, counselors, or general business professionals seeking a professional setup. Room 2 (Window Office): ~140 sq. ft. usable (~257 sq. ft. gross) Room 3 (Interior Office): ~100 sq. ft. usable (~185 sq. ft. gross) Combined: ~240 sq. ft. usable (~442 sq. ft. total gross rentable area) Rent both rooms together for $2,150/month or individually. Rent is structured as gross/all-inclusive, covering hydro, utilities, internet and shared access to the main entrance corridor and professional waiting area. Excellent central location with high foot traffic, easy transit access, and nearby amenities along Lonsdale. Zoned C-1A. Master Lease expires February 28, 2028. All offers subject to Head Landlord approval. Move-in ready! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

77,866

Households

29,613

Median income

$75,000

Median age

38.4

Daytime population

84,507

5-yr growth

1.2%

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

Secure deal room

Confidential diligence documents for 1501 LONSDALE AVENUE, North 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.