For Sale · Specialty

3575 3rd Ave, Port Alberni

3575 3rd Ave, Port Alberni, BC V9Y2B9

Price on request

8,712 SF

Asset Class

Specialty

Size

8,712 SF

Building class

B

Zoning

US — Urban Services

$ / SF

—

Occupancy

89%

Lot Size

0.2 ac

About this property

Lease opportunity. This 4500 sq ft retail space is located on high traffic lower 3rd Avenue. C3 Service Commercial zoning offers a multitude of opportunities. Bring your ideas. All measurements are approximate and must be verified if important. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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.

Rent roll (estimated)

TenantAreaExpiry
Blue Harbour Design4,210 SF2030-04
Blue Harbour Design1,940 SF2030-04
Blue Harbour Design1,638 SF2030-04

Area demographics

Trade area within 3 miles of the property.

Population

133,315

Households

52,332

Median income

$111,500

Median age

35

Daytime population

154,899

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 3575 3rd Ave, Port Alberni.

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.