For Lease · Retail

1814 MARINE DRIVE, West Vancouver

1814 MARINE DRIVE, West Vancouver, BC V7V1J6

$50 Yearly

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Asset Class

Retail

Size

—

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

84%

Year Built

1966

About this property

Forman Pilkington Team is pleased to offer for lease a 1,588 sf of street-level retail space on Marine Drive, West Vancouver's main commercial corridor. The unit has high exposure to steady vehicle and foot traffic along one of the North Shore's busiest streets. It is well suited to a range of retail, service, and professional users who want a visible presence in an affluent, established trade area house and functional working space under one roof, ready for occupancy. (id:66811)

Financial sandbox

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Estimate
Purchase price$50
Down payment30% · $15
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$-0

Cash-on-cash

-2.90%

DSCR

0.84

Going-in cap

4.67%

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

140,849

Households

60,708

Median income

$99,500

Median age

32.4

Daytime population

158,171

5-yr growth

9.2%

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

Secure deal room

Confidential diligence documents for 1814 MARINE DRIVE, West Vancouver.

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.