For Lease · Retail

170 8351 ALEXANDRA ROAD, Richmond

170 8351 ALEXANDRA ROAD, Richmond, BC V6X1C3

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

91%

Year Built

1989

About this property

Excellent opportunity to lease 3,019 sf. of versatile retail space at #170'8351 Alexandra Road, Richmond, located in the popular Alexandra Road commercial corridor. Previously operated as a spa, then a physiotherapy clinic, the unit features 12 private rooms, 3 bathrooms (including 1 wheelchair-accessible bathroom), and a shower, making it well-suited for a variety of wellness, medical, therapeutic, beauty, professional service, or other retail uses. The existing room configuration offers flexibility for businesses seeking multiple treatment rooms or private offices. Vacant and ready for immediate occupancy'bring your business concept to this well-appointed space in a convenient Richmond location with lots of foot traffic. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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

64,152

Households

26,660

Median income

$112,000

Median age

33.7

Daytime population

76,217

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for 170 8351 ALEXANDRA 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.