For Sale · Office

534 1281 HORNBY STREET, Vancouver

534 1281 HORNBY STREET, Vancouver, BC V6Z1W2

$1.6M total

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

91%

Year Built

2022

About this property

Rarely available opportunity to purchase a AAA office space in a fantastic location in Downtown Vancouver in the iconic Burrard Place building. Burrard Place is a LEED Gold building with world-class amenities! Dedicated boardrooms , free wifi in all amenity areas, Meinhardt's grocery and cafe on main floor, commercial office shower and change rooms, 4 loading docks and elevators. You also get access to Club One amenities which include: first - class fitness facility, full-length lap pool, hot tub steam room, and sauna, private spa rooms, wine cellar and wine tasting bars, private dining facilities, outdoor dining and lounge, indoor and outdoor yoga space, and more. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.58M
Down payment30% · $474K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$91K

Annual cash flow

$3K

Cash-on-cash

0.64%

DSCR

1.03

Going-in cap

5.73%

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

110,265

Households

38,682

Median income

$130,500

Median age

38.7

Daytime population

150,864

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for 534 1281 HORNBY STREET, Vancouver.

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.