For Sale · Office

618 6378 SILVER AVENUE, Burnaby

618 6378 SILVER AVENUE, Burnaby, BC V5H0J2

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CO — Commercial Office

$ / SF

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Occupancy

88%

Year Built

2021

About this property

The Centre at Sun Tower. Class AAA Office Space with LEED Silver standard at the centre of Metrotown, with Metrotown Skytrain Station just across the street. The area's density is constantly growing with more and more residents coming to this area, not to mention the daily traffic from the Metrotown Mall just across the street. Perfect for businesses and profossionals in Medical, Real Estate, Law, Finance and all othor service industries. This Unit is 503 Square Ft, open floor plan, facing quiet side. Comes with new wall and wood flooring. Industrial grade glass surroundod, with rough in water supply and sink drainage, equiped with 100amp breaker panel and dedicated electricity meter. The Building has Dedicated heating, Refrigerant Flow (VRF) equipment which is extremely convenient, energy efficient and quiet. Don't miss it. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

47,049

Households

17,130

Median income

$62,000

Median age

39.9

Daytime population

52,541

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for 618 6378 SILVER AVENUE, Burnaby.

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.