For Lease · Retail

1151 10th Avenue SW Unit# 151, Salmon Arm

1151 10th Avenue SW Unit# 151, Salmon Arm, BC V1E1T3

$20 per sq ft / yr

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

89%

About this property

Rare opportunity to lease 5,846 SF of open retail space in one of the premier locations within The Mall at Piccadilly. This expansive unit offers exceptional flexibility for retailers, health and wellness operators, fitness concepts, or professional services seeking a high-profile presence in Salmon Arm’s established shopping centre. Surrounded by leading national and local retailers, the property benefits from strong regional traffic, abundant parking, and a central location serving the Shuswap. Bring your vision to this outstanding retail opportunity. (id:66811)

Financial sandbox

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Estimate
Purchase price$20
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-3.64%

DSCR

0.80

Going-in cap

4.45%

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

108,955

Households

43,675

Median income

$101,000

Median age

45.1

Daytime population

101,963

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 1151 10th Avenue SW Unit# 151, Salmon Arm.

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.