1/7

For Lease · Specialty

1630 16th Ave, Campbell River

1630 16th Ave, Campbell River, BC V9W3L8

$25 per sq ft / yr

6,530 SF

Asset Class

Specialty

Size

6,530 SF

Building class

Zoning

DC2 — Site Specific

$ / SF

Occupancy

90%

About this property

Brand new commercial building in a prime downtown Campbell River location—three separate units available, each offering a front showroom, back warehouse, and upstairs office/storage space. Lease one, two, or all three units to suit your business needs. Units will be delivered as a blank shell—fully drywalled and fire-taped, with bathrooms complete (sink and toilet)—ready for tenants to finish to their own specifications, or the landlord can build to suit. Ideal for local businesses looking to make their mark, from auto repair and contracting trades (plumbers, electricians) to retail. Zoning allows a wide range of permitted uses, including retail and wholesale stores, offices, personal service establishments, auto repair and body shops, printing and publishing, vehicle sales and rental, and warehouse/storage uses. Contact your realtor for more info and to arrange a viewing. Building is currently under construction; possession scheduled for January-March. Floor plans available. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$25

Down payment30% · $8

Interest rate6.25%

Amortization25 years

Occupancy90%

Expense growth2.5%

Monthly debt service

Projected NOI

Annual cash flow

Cash-on-cash

3.86%

DSCR

1.21

Going-in cap

6.70%

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.

Rent roll (estimated)

Tenant	Suite	Area	Rent / SF	Expiry
Lakeview Physiotherapy	100	3,968 SF	$33.03	2027-05
Lakeview Physiotherapy	110	1,295 SF	$32.91	2027-05
Lakeview Physiotherapy	100	634 SF	$33.27	2027-05

Area demographics

Trade area within 3 miles of the property.

Population

46,963

Households

16,459

Median income

$72,500

Median age

41.3

Daytime population

61,327

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 1630 16th Ave, Campbell River.

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.