1/94 987 MARINE DRIVE, North Vancouver
4 987 MARINE DRIVE, North Vancouver, BC V7P1S4
Price on request
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Asset Class
Office
Size
—
Building class
C
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
92%
Lot Size
0.13980716253443526 ac
About this property
Approximately 1,291 SF upper-floor premises in a prominent Marine Drive location, with convenient access to transit, shopping and major North Shore routes. The premises offer a flexible existing layout and are accessed by stairs. The property is zoned C-2; however, this unit is currently classified as Group C Residential under existing City records and is not presently approved for commercial occupancy. Any proposed commercial use is subject to the Tenant independently confirming zoning and use requirements and obtaining all necessary City approvals, permits and building-code upgrades. The Landlord and Listing Agent make no representation or warranty that any specific commercial use will be approved. Contact the Listing Agent for further information. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$79K
Annual cash flow
$-4K
Cash-on-cash
-0.97%
DSCR
0.95
Going-in cap
5.25%
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
133,524
Households
62,902
Median income
$65,500
Median age
40.3
Daytime population
207,802
5-yr growth
5.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 4 987 MARINE DRIVE, North Vancouver.
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.