For Lease · Retail

14841 MARINE DRIVE, Surrey

14841 MARINE DRIVE, Surrey, BC V4B1C1

$54.58 per sq ft / yr

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

89%

About this property

Excellent opportunity for business looking for a high visibility location in White Rock facing Marine Drive the beach with excellent foot traffic. 810 SF, 3375.00 Basic Rent. Ideal for Retail store, medical/ Dental officer Boutique, Professional office, salon/beauty business and many other permitted uses. Excellent exposure. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$55
Down payment30% · $16
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$3

Annual cash flow

$-0

Cash-on-cash

-2.99%

DSCR

0.84

Going-in cap

4.64%

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

66,181

Households

29,326

Median income

$91,500

Median age

31.2

Daytime population

68,881

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 14841 MARINE DRIVE, Surrey.

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.