For Lease · Retail

150 6888 RIVER ROAD, Richmond

150 6888 RIVER ROAD, Richmond, BC V7C0B5

$50 Yearly

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Asset Class

Retail

Size

—

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

—

Occupancy

83%

Year Built

2017

Lot Size

0.05220385674931129 ac

About this property

Prime street-level commercial space in the heart of Oval Village. Offering 2,274 sq. ft. with excellent exposure, this unit is well suited for a variety of business uses under RCL3 zoning, including retail, office, and service operations. Positioned within a vibrant, high-density residential community and steps to major amenities such as the Richmond Olympic Oval, River Green, River Park Place, and T&T Supermarket. A strong opportunity for both owner-users and investors. (id:66811)

Financial sandbox

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Estimate
Purchase price$50
Down payment30% · $15
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$-0

Cash-on-cash

-3.17%

DSCR

0.83

Going-in cap

4.59%

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

143,206

Households

62,165

Median income

$133,500

Median age

37.4

Daytime population

161,146

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 150 6888 RIVER ROAD, Richmond.

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.