Business For Sale · Retail

101 12071 FIRST AVENUE, Richmond

101 12071 FIRST AVENUE, Richmond, BC V7E3M1

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

97%

About this property

Prime Steveston Village Location! Ideally situated in the heart of Steveston Village, lots of pedestrian traffic providing excellent exposure. Surrounded by popular shops, restaurants, the community centre, Fisherman's Wharf, and major tourist attractions, the location is well suited for a wide range of retail, service, office, or specialty business opportunities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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

65,823

Households

25,013

Median income

$89,500

Median age

45.7

Daytime population

98,474

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 101 12071 FIRST AVENUE, 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.