For Lease · Specialty

260 6TH Avenue, Kamloops

260 6TH Avenue, Kamloops, BC V2C2G9

Price on request

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

96%

About this property

Prime High-Exposure Corner Location for Lease in Kamloops’ Central Business District! This 4,200 sq. ft. building offers excellent visibility and a versatile layout suitable for a variety of business uses. The space has operated as a sales and office center and features an efficient setup with six offices, a large boardroom, a spacious retail/display area, and a good-sized warehouse space at the rear of the building. The property can accommodate approximately six parking spots and has benefited from numerous recent updates and improvements. Gross lease rate is $6,000 per month. A great opportunity for a business looking for a prominent, flexible commercial space with both showroom/office and warehouse functionality in the heart of Kamloops. Contact the listing agent for more information. (id:66811)

Financial sandbox

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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

69,162

Households

25,400

Median income

$82,500

Median age

41

Daytime population

85,530

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 260 6TH Avenue, Kamloops.

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.