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Office Building For Sale at 514 6378 SILVER AVENUE in Burnaby, British Columbia

4 Sale ID #213967
Updated 30 Apr 2024

Asking Price

$1,699,000

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

AAA office Lease/Sale Opportunity in the heart of Metrotown. Great size corner unit located on the 5th floor with south and east facing. Very quiet space. The layout is really good. The amenities include a training room, five separate meeting rooms, a dedicated business lounge and a sound-proof phone room available for exclusive use, also executive boardroom is equippe with convenient digital booking and video conference system. The Centre at Sun Towers, a high-profile strata office space that features a separate office lobby and elevators, individual HVAC throughout, high ceiling height & floor to ceiling windows. The building features on-site retail and numerous amenities Elevated concierge and professional services include assisting with package deliveries, a postal service room with private mailboxes, dry cleaning drop off, meeting room, and amenity bookings & fiber-optic technology is optimized for high-speed network connectivity. Steps away from Skytrain station. Also for lease on MLS C8051732. (id:39198)

  • MLS® : #C8058303
  • Date Listed : 13 Mar 2024

Location

Province

British Columbia

City

Burnaby

Address

514 6378 Silver Avenue

Postal Code

V5H0J2

Location Highlights

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Listed by

Royal Pacific Lions Gate Realty Ltd. 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

1,410

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

$1,699,000

Asking Price

$1,699,000

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)

1,410

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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