For Sale · Retail

4408 BERESFORD STREET, Burnaby

4408 BERESFORD STREET, Burnaby, BC V5H2Y4

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

93%

About this property

Brand New! Prime Location! Steps away from Metrotown/Metropolis and Metrotown SkyTrain Station! This 9,727 sq. ft. AAA-quality retail/office space boasts high ceilings (16'4") and robust power capacity (1,200 Amp) . The space also includes a 759 sq. ft. outdoor patio and ground-floor access, making it ideal for various business needs such as restaurants, supermarkets, grocery stores, and many more. The building offers onsite retail and a variety of amenities, including open office areas, meeting rooms, a training room, a business lounge, a kitchen and a clubhouse. This exceptional Restaurant/Retail Space is located in the heart of Metrotown, on the second floor of Sun Towers 1. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

113,117

Households

46,341

Median income

$70,500

Median age

38.6

Daytime population

124,316

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for 4408 BERESFORD STREET, 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.