1/2728 COLUMBIA STREET, New Westminster
728 COLUMBIA STREET, New Westminster, BC V3M1A9
$4.0M total
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Asset Class
Office
Size
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Building class
A
Zoning
CB2 — Central Business
$ / SF
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Occupancy
90%
About this property
Rare opportunity for an owner-occupier or investor to acquire a high-profile property in the heart of Downtown New Westminster. The property is solely occupied by Scotiabank, offering secure holding income prior to potential owner occupancy. Constructed in 1936 as a purpose-built banking institution for the Bank of Nova Scotia, the property is recognized as one of New Westminster's historic landmarks. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$18K
Projected NOI
$227K
Annual cash flow
$8K
Cash-on-cash
0.71%
DSCR
1.04
Going-in cap
5.76%
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
97,480
Households
40,107
Median income
$75,500
Median age
37.9
Daytime population
119,081
5-yr growth
6.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 728 COLUMBIA STREET, New Westminster.
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.