Transact SQL :: Iterate Through Table Rows And Do Conditional Update

I have a table with the following fields:

ID (int, identity)
Name (nvarchar(255))
Block (nvarchar(50))
Street (nvarchar(255))
Floor (nvarchar(50))
Unit (nvarchar(50))
Address1 (nvarchar(255))
Address2 (nvarchar(255))

I want to iterate through the table and populate Address1 as [Block] [Street] #[Floor]-[Unit].If the 'Floor' field contain a number < 10 (e.g., '8'), I want to add a '0' before it (e.g., '08'). Same for Unit.How would I do this using cursors (or other recommended method)?