For Lease · Retail

438 HELMCKEN STREET, Vancouver

438 HELMCKEN STREET, Vancouver, BC V6B6E9

$1.8M per sq ft / yr

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

88%

About this property

Prime location bordering Yaletown. This 1,033 sq. ft. ground-floor corner unit offers excellent exposure and flexible space suitable for a wide range of retail and office uses. The bright, open layout includes convenient laneway loading, two secured parking stalls, visitor parking, and street parking directly out front. Excellent signage opportunities add to the visibility of this well-located commercial space. Vacant possession available this fall. Also available for lease ' MLS® C8077598. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.75M
Down payment30% · $525K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$86K

Annual cash flow

$-11K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

91,842

Households

37,027

Median income

$79,000

Median age

39.1

Daytime population

104,056

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 438 HELMCKEN STREET, 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.