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For Sale · Retail

141 Shuswap Street NE, Salmon Arm

141 Shuswap Street NE, Salmon Arm, BC V1E4N6

$1.1M total

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Asset Class

Retail

Size

—

Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

—

Occupancy

94%

Lot Size

0.11 ac

About this property

Excellent investment opportunity in the heart of downtown Salmon Arm. This 6,600 sq. ft. commercial building is fully leased to Skookum with a 6-year lease in place, providing an investor with stable income from day one and an approximate 6.5% cap rate. The building offers approximately 3,300 sq. ft. on each of its two levels, making excellent use of its downtown lot. Several significant capital improvements have already been completed, including updates to the roof and HVAC systems. With a long-term tenant in place, strong return and a central downtown location, this is a solid opportunity for an investor looking to add a well-positioned income-producing commercial property to their portfolio. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.10M
Down payment30% · $330K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$67K

Annual cash flow

$6K

Cash-on-cash

1.91%

DSCR

1.10

Going-in cap

6.11%

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

133,121

Households

50,056

Median income

$131,500

Median age

39

Daytime population

184,824

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 141 Shuswap Street NE, Salmon Arm.

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.