For Lease · Office

B 5169 Argyle St, Port Alberni

B 5169 Argyle St, Port Alberni, BC V9Y1V3

Price on request

3,619 SF

Asset Class

Office

Size

3,619 SF

Building class

A

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

98%

About this property

For Lease! This office space includes two offices or a reception area and office and enjoys views of the Alberni Harbour. There are two shared two-piece bathrooms as well. This highly visible commercial building is located in the revitalized South Port area close to the popular Harbour Quay. If you are looking to start a business or relocate, this building would be a great fit. All measurements are approximate and must be verified if important. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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)

TenantAreaExpiry
Cascade Foods Inc.1,724 SF2031-12
Cascade Foods Inc.1,837 SF2031-12

Area demographics

Trade area within 3 miles of the property.

Population

70,598

Households

27,926

Median income

$131,000

Median age

38.9

Daytime population

105,107

5-yr growth

4.9%

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

Secure deal room

Confidential diligence documents for B 5169 Argyle St, Port Alberni.

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.