For Lease · Office

1150 22091 FRASERWOOD WAY, Richmond

1150 22091 FRASERWOOD WAY, Richmond, BC V6W0A8

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

89%

About this property

Professionally improved executive office available for lease in Fraserwood Corporate Centre. Offered fully furnished on an initial three (3) year lease with one (1) additional three (3) year renewal option, this turnkey office provides an exceptional opportunity for professional firms seeking a premium corporate image without the cost and delay of furnishing a new space. This bright corner unit features multiple executive offices, a spacious boardroom, welcoming reception area, kitchenette, accessible washroom, quality built-in millwork, and expansive perimeter windows providing abundant natural light with views toward the Fraser River. Two reserved parking stalls are included, with ample street parking available for staff and visitors. Strategically located in East Richmond with immediate access to Highway 91, the property offers outstanding connectivity major highways. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

89,578

Households

36,028

Median income

$71,000

Median age

41

Daytime population

114,513

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 1150 22091 FRASERWOOD 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.