For Sale · Office

405 11861 88TH AVENUE, Delta

405 11861 88TH AVENUE, Delta, BC V4C3C6

$20 total

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Asset Class

Office

Size

—

Building class

B

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

91%

About this property

Klein Group, Royal LePage Commercial, is pleased to present a leasing opportunity for 1,015 SF to 3,047 SF of professionally improved office space either combined or as two separate office units in the highly accessible Scott Road and Nordel Way corridor. Ideal for medical, professional, or general office users; these bright and efficient premises offer flexible layouts designed to accommodate a variety of business needs. Located just 1.5 blocks from Scott Road with convenient access to Highway 91 via Nordel Way, the property provides excellent connectivity for employees and clients throughout Metro Vancouver. The building is home to a strong mix of established service-oriented tenants, including WorkBC Delta, medical professionals, ministry services, and the Boys & Girls Clubs of BC, creating excellent synergy for professional occupiers. (id:66811)

Financial sandbox

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Estimate
Purchase price$20
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-5.22%

DSCR

0.72

Going-in cap

3.98%

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

77,344

Households

27,800

Median income

$65,000

Median age

37.7

Daytime population

105,232

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 405 11861 88TH AVENUE, Delta.

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.