1/4014985 MARINE DRIVE, White Rock
14985 MARINE DRIVE, White Rock, BC V4B1C3
Price on request
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Asset Class
Retail
Size
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Building class
C
Zoning
CSC — Shopping Centre
$ / SF
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Occupancy
92%
About this property
A TURN-KEY restaurant! Near 4,500 sf lot-sized free-standing water front commercial property with approx. 2,200 sf ground-level waterfront restaurant along Marine Drive. Currently tenant occupied with a Lebanese grill restaurant. Current tenant is leaving, so almost immediate possession. (tenant to proceed with very little to do: Fraser Health, business license, & liquor license, etc.) Full commercial kitchen including: BBQ grill, gas cooktops, fridges, dishwasher, hood fan, fire suppression system, walk-in cooler, M/F washrooms with handicap, staff washroom. Back lane quite a few parking spots plus lots of public parking around. Priced at $60 per sf per annum gross for a quick lease. a TURNKEY operation! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$79K
Annual cash flow
$-4K
Cash-on-cash
-0.97%
DSCR
0.95
Going-in cap
5.25%
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
74,411
Households
27,409
Median income
$73,000
Median age
38.9
Daytime population
114,155
5-yr growth
3.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 14985 MARINE DRIVE, White Rock.
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.