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Office Building For Sale at 431 6378 SILVER AVENUE in Burnaby, British Columbia

4 Sale ID #72200
Updated 03 May 2024

Asking Price

$666,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Prime Location! AAA Office in the heart of Metrotown, steps away from the skytrain station. Unit 431&432 can combine together. The Centre of Sun Tower, a high profile strata office building that features separate office lobby and elevators, offering individual HVAC. The building features on-site retail and numerous amenities including executive boardroom equipped with convenient digital booking and video conference system, a training room, five separate meeting rooms, a dedicated business lounge and a sound-proof phone room are available for exclusive use. Elevated concierge and professional services include assisting with package deliveries, postal service room with private mailboxes, dry cleaning drop off, meeting room and amenity bookings & fibre-optic technology is optimized for high-speed network connectivity. One parking lot. (id:39198)

  • MLS® : #C8042022
  • Date Listed : 19 Jan 2022

Location

Province

British Columbia

City

Burnaby

Address

431 6378 Silver Avenue

Postal Code

V5H0J1

Location Highlights

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Listed by

Nu Stream Realty Inc. British Columbia listing

Category

office-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

558

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$666,000

Asking Price

$666,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

558

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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