For Sale · Office

406 4885 KINGSWAY, Burnaby

406 4885 KINGSWAY, Burnaby, BC V5H4T2

$600,000 total

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Asset Class

Office

Size

—

Building class

B

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

90%

Year Built

1988

About this property

The NEW Mark, across from Metrotown Mall, 579 sq. ft. office with functional layout, improved with glass partition boardroom, storage room, three treatment rooms, air conditioning and security alarm, including one underground security parking stall P4-#209. Suitable for professional service office such as medical clinic, chiropractor, acupuncture and massage, legal service, accounting service, etc. AAA multi commercial use building with good security and ample parking. CONVENIENT LOCATION, close to Highway #1, public transit, skytrain, bus stop, Metrotown Shopping Mall, restaurants, etc. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$600K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$36K

Annual cash flow

$3K

Cash-on-cash

1.40%

DSCR

1.08

Going-in cap

5.96%

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

109,044

Households

45,490

Median income

$75,500

Median age

41.9

Daytime population

144,923

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 406 4885 KINGSWAY, Burnaby.

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.