For Sale · Retail

130 4231 HAZELBRIDGE WAY, Richmond

130 4231 HAZELBRIDGE WAY, Richmond, BC V6X3L7

$5.0M total

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Asset Class

Retail

Size

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Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

84%

Year Built

1996

About this property

Prime street-level retail in Richmond's premier "CENTRAL SQUARE". This 4,034 sq ft retail space on ground floor features a highly efficient layout and striking full-height glazing that maximizes visibility and natural light. Could be divided into 5-6 different units. Positioned within one of the city's busiest commercial hubs, steps from Aberdeen Centre and Parker Place, and moments to the Canada Line. Surrounded by significant new residential density, this is a compelling opportunity to secure a presence in a rapidly evolving urban node. (id:66811)

Financial sandbox

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Estimate
Purchase price$5.00M
Down payment30% · $1.50M
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$23K

Projected NOI

$239K

Annual cash flow

$-38K

Cash-on-cash

-2.52%

DSCR

0.86

Going-in cap

4.78%

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

61,398

Households

24,807

Median income

$103,000

Median age

32.5

Daytime population

55,468

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 130 4231 HAZELBRIDGE WAY, 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.