For Sale · Office

220 3410 LOUGHEED HIGHWAY, Vancouver

220 3410 LOUGHEED HIGHWAY, Vancouver, BC V5M2A4

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

94%

Year Built

2010

About this property

Unit 220 - 3410 Lougheed Highway is a recently improved, south facing 3,321 SF office unit available for sublease. The property sits on Lougheed Highway between Rupert Street and Boundary Road, minutes from Rupert SkyTrain Station, with direct Millennium Line access to Downtown, the West Side and YVR. The premises are fully air-conditioned and built out with private offices, a boardroom and a lunchroom with coffee station, and the existing furniture may remain. The building is a sprinklered concrete commercial and industrial strata with elevator access, common washrooms and a secured indoor parkade with overhead door and card reader. Up to six reserved parking stalls are available. Asking Basic Rent of $14.85 PSF plus estimated Additional Rent of $20.00 PSF. Sublease term available to January 30, 2031. Contact the listing agents for details or to arrange a tour. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

116,975

Households

41,880

Median income

$80,000

Median age

43.8

Daytime population

162,248

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 220 3410 LOUGHEED HIGHWAY, Vancouver.

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.