2340 8260 WESTMINSTER HIGHWAY, Richmond
For Sale · Retail

2340 8260 WESTMINSTER HIGHWAY, Richmond

2340 8260 WESTMINSTER HIGHWAY, Richmond, BC V6X1B9

$428,000 total

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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

90%

About this property

Centrally located at the Richmond Public Market. This 518 sq ft unit is located on the upper level. Leased to a tenant with Base rent $1800 per month. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$428K
Down payment30% · $128K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$20K

Annual cash flow

$-3K

Cash-on-cash

-2.51%

DSCR

0.86

Going-in cap

4.79%

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

43,010

Households

16,330

Median income

$104,000

Median age

45.7

Daytime population

37,076

5-yr growth

5.4%

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

Secure deal room

Confidential diligence documents for 2340 8260 WESTMINSTER HIGHWAY, 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.