For Sale · Office

915 6388 NO. 3 ROAD, Richmond

915 6388 NO. 3 ROAD, Richmond, BC V6Y0L4

$1.7M total

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Asset Class

Office

Size

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Building class

C

Zoning

CO — Commercial Office

$ / SF

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Occupancy

94%

Year Built

2022

About this property

Exquisite office space located across from Richmond Shopping Center, conveniently accessible. Situated on the 9th floor, the 1672sqft office space faces southwest with unobstructed panoramic views. The luxurious flooring features large marble tiles, creating a spacious and bright atmosphere. The office includes three private manager's offices and a meeting room, with a large communal area suitable for 6-8 people to work collaboratively. The office is also equipped with a pantry and storage room. There is 2 parking side by side near the elevator. Feel free to schedule a visit in advance. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.69M
Down payment30% · $506K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$111K

Annual cash flow

$18K

Cash-on-cash

3.49%

DSCR

1.19

Going-in cap

6.59%

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

113,538

Households

48,106

Median income

$131,000

Median age

39

Daytime population

157,297

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 915 6388 NO. 3 ROAD, Richmond.

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.