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For Lease · Office

7291 WREN STREET, Mission

7291 WREN STREET, Mission, BC V2V3B3

$22 per sq ft / yr

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Asset Class

Office

Size

—

Building class

B

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

88%

About this property

Formerly utilized as the Wren & Raven presentation centre, this versatile commercial/flex building offers incredible potential. An independent architectural report indicates strong feasibility for a 25-child daycare facility or any professional offices like Dental, Lawyer, Medical clinic. (prospective buyers are advised to independently verify all daycare licensing requirements, zoning bylaws, and municipal approvals with the City). Featuring a flexible open layout and available architectural drawings, this property presents a unique opportunity for investors and owner-occupants alike. Don't miss out! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$22
Down payment30% · $7
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-5.14%

DSCR

0.72

Going-in cap

4.00%

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

59,694

Households

23,223

Median income

$118,000

Median age

36.1

Daytime population

79,548

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 7291 WREN STREET, Mission.

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.