For Sale · Office

310 515 W PENDER STREET, Vancouver

310 515 W PENDER STREET, Vancouver, BC V6B6H5

$185,000 total

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Asset Class

Office

Size

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Building class

B

Zoning

CO — Commercial Office

$ / SF

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Occupancy

92%

Year Built

1996

About this property

Unit 310 at 515 West Pender Street. The South East facing unit is a rare opportunity to own commercial strata space at Conference Plaza in the heart of downtown Vancouver. This 288 sq. ft. office is ideal for professionals, small businesses or investors seeking an efficient space in one of the city's most connected locations. Just steps from Waterfront Station, SkyTrain, SeaBus, and Vancouver's financial district. Conference Plaza is a professionally managed mixed-use building offering secure access and shared washroom facilities. 1 parking space in the secured underground. Unit 208 is also available for sale. ALL OFFERS SUBJECT TO THE APPROVAL OF THE SUPREME COURT OF BRITISH COLUMBIA (id:66811)

Financial sandbox

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Estimate
Purchase price$185K
Down payment30% · $56K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$854

Projected NOI

$10K

Annual cash flow

$70

Cash-on-cash

0.13%

DSCR

1.01

Going-in cap

5.58%

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

88,500

Households

31,815

Median income

$112,500

Median age

32.4

Daytime population

84,011

5-yr growth

8.9%

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

Secure deal room

Confidential diligence documents for 310 515 W PENDER 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.