1/3320428 DOUGLAS CRESCENT, Langley
20428 DOUGLAS CRESCENT, Langley, BC V3A4B4
$4.5M total
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Asset Class
Office
Size
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Building class
A
Zoning
CO — Commercial Office
$ / SF
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Occupancy
86%
About this property
A fabulous and exceptional opportunity to purchase 2 properties and 2 buildings totalling 17,595 sq/ft of retail and office space located on prime downtown land of 20,409 sq/ft in the "Designated Transit Oriented Area"! Just 3 blocks away from the new highly anticipated skytrain Langley City center station. The C1 zoning provides a multitude of permitted business options for the tenants, the ground level has 8,423 sq/ft of space and the second level has 9,172 s/ft. The immediate investment has fantastic future redevelopment potential for a main floor commercial retail and a multi-level residential condo building, up to 4.5 FAR (subject to city approval). Located in the heart of Downtown Langley's evolving landscape. Excellent parking of 31 stalls in addition to street parking. To be sold with the adjacent property 20416 Douglas Crescent. See MLS# C8083169 (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$21K
Projected NOI
$232K
Annual cash flow
$-17K
Cash-on-cash
-1.27%
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
108,375
Households
44,096
Median income
$135,500
Median age
38.5
Daytime population
123,614
5-yr growth
2.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 20428 DOUGLAS CRESCENT, Langley.
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.