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For Lease · Office

200 637 Bay St, Victoria

200 637 Bay St, Victoria, BC V8T5L2

$12 per sq ft / yr

5,849 SF

Asset Class

Office

Size

5,849 SF

Building class

Zoning

CO — Commercial Office

$ / SF

Occupancy

89%

Year Built

1927

Lot Size

0.13427456382001837 ac

About this property

Second Floor Office Building For Lease. On the corner of Bay & Government. Centrally located with 6 parking spaces included, this a rare opportunity. Elevator, underground/surface parking and a common outdoor patio area. New energy management includes HVAC and efficient lighting. Built in 1927, converted 1978. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$12

Down payment30% · $4

Interest rate6.25%

Amortization25 years

Occupancy89%

Expense growth2.5%

Monthly debt service

Projected NOI

Annual cash flow

Cash-on-cash

6.25%

DSCR

1.34

Going-in cap

7.42%

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.

Rent roll (estimated)

Tenant	Suite	Area	Rent / SF	Expiry
Vector Robotics	380	2,236 SF	$30.35	2030-04
Vector Robotics	380	1,267 SF	$30.23	2029-04
Vector Robotics	390	1,680 SF	$30.11	2029-04

Area demographics

Trade area within 3 miles of the property.

Population

71,680

Households

26,736

Median income

$126,500

Median age

37.3

Daytime population

106,956

5-yr growth

9.4%

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

Secure deal room

Confidential diligence documents for 200 637 Bay St, Victoria.

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.