Business For Sale · Specialty

202 4341 NORTH ROAD, Burnaby

202 4341 NORTH ROAD, Burnaby, BC V3N4N3

$179,000 total

—

Asset Class

Specialty

Size

—

Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

96%

About this property

Great opportunity to be your own boss! It is in the Korean Town. Next to Hannam Market. Hair Salon. 10 (Ten) chairs & 2 (Two) washing station. Monthly gross rent: $6,000+GST. Showing by appointment only. Please do not disturb staff. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$179K
Down payment30% · $54K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$827

Projected NOI

$11K

Annual cash flow

$1K

Cash-on-cash

2.78%

DSCR

1.15

Going-in cap

6.38%

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

59,926

Households

24,576

Median income

$124,500

Median age

36

Daytime population

54,202

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 202 4341 NORTH ROAD, Burnaby.

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.