For Sale · Specialty

13615 VICTORIA ROAD N Unit# 107a, Summerland

13615 VICTORIA ROAD N Unit# 107a, Summerland, BC V0H1Z5

Price on request

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

96%

Year Built

2008

About this property

This versatile office or retail space is situated in downtown Summerland in Victoria Place, offering prime visibility directly across from a busy shopping center. The store front ensures excellent exposure for your business. Priced at $2,400 per month plus GST and utilities, this location presents a fantastic opportunity for entrepreneurs looking to establish themselves in a thriving commercial area. All measurements are approximate. Call listing agent today for a viewing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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

123,802

Households

51,849

Median income

$83,500

Median age

41.2

Daytime population

154,627

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for 13615 VICTORIA ROAD N Unit# 107a, Summerland.

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.