For Sale · Retail

9 12350 HARRIS ROAD, Pitt Meadows

9 12350 HARRIS ROAD, Pitt Meadows, BC V3Y0C5

$739,000 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

88%

Year Built

2008

About this property

Great investment for Investor or Owner Occupier. 725 sq.ft unit in Keystone mixed use building. Currently used as a Hair Salon with 18 year history. Keystone is located on arterial Harris Road in the heart of Pitt Meadows. Good access and exposure to vehicle an pedestrian traffic. Plenty of free parking in front and in the building parkade. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$739K
Down payment30% · $222K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$40K

Annual cash flow

$-583

Cash-on-cash

-0.26%

DSCR

0.99

Going-in cap

5.46%

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

80,639

Households

30,303

Median income

$128,500

Median age

35.1

Daytime population

71,921

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for 9 12350 HARRIS ROAD, Pitt Meadows.

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.