4876 Delta St 4,700 SF 71% Leased Retail Building Delta, BC V4K 2T8 $2,165,097 USD ($460.66 USD/SF) 2.97% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy foot traffic
- Balcony
- Natual Light
- Secured Building
- Covered Parking
EXECUTIVE SUMMARY
Discover an EXCEPTIONAL INVESTMENT OPPORTUNITY in the thriving downtown Ladner community, poised for significant growth with numerous upcoming developments. This property is zoned for office use, making it an IDEAL CHOICE for estheticians, medical professionals (thanks to 3 washrooms in each suite), legal practitioners, accountants, or any office-based business. With an estimated cap rate of 5.5%+ based on current market lease rates, this is a wise investment decision. Constructed in 2018, this modern building requires minimal maintenance and is easy to manage. It features 1,370 sq. ft. of retail space on the main floor, and two luxurious 1,650 sq. ft. two-bedroom suites above, totaling 4,713 sq. ft. Fully leased to reliable tenants, this property is a solid investment. Take advantage of free parking directly in front of the building. Don't miss out on this rare opportunity
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$73,013
|
$15.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$73,013
|
$15.53
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,675
|
$1.85
|
| Net Operating Income |
$64,338
|
$13.69
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,700 SF
Building Class
C
Year Built
2018
Price
$2,165,097 USD
Price Per SF
$460.66 USD
Cap Rate
2.97%
NOI
$64,338 USD
Percent Leased
71%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.80
Lot Size
0.06 AC
Zoning
C1 - Core Commercial
Parking
2 Spaces (0.43 Spaces per 1,000 SF Leased)
AMENITIES
- Skylights
- Tenant Controlled HVAC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Camilla
- Retailer
- 1,300 SF
- $10.84
- Triple Net
- Nov 2024
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Camilla | Retailer | 1,300 SF | $10.84 | Triple Net | Nov 2024 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
?? Zoning: C1 – Allows for a wide range of uses, including: ?? Retail ?? Office ?? Health care & wellness services ?? And much more! ?? (No daycare zoning) ? Perfect for boutique shops, professional offices, health & wellness businesses, and more!
| Space | Size | Space Use | Position | Available |
| 101 | 1,370 SF | Retail | In-Line | Now |
101
| Size |
| 1,370 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
