For Sale · Industrial

8971 BRIDGEPORT ROAD, Richmond

8971 BRIDGEPORT ROAD, Richmond, BC V6X1R9

$6.7M total

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

89%

Year Built

1993

Lot Size

0.3138200183654729 ac

Clear height

28 ft

Loading docks

10

About this property

Rare opportunity to acquire a freestanding industrial property along highly visible Bridgeport Road in Richmond. Situated on a large site with ample outdoor area, the property features an expansive and highly functional warehouse area with an exceptional configuration of 10 grade-level loading doors, providing outstanding access and operational flexibility. Rare Auto-Oriented Commercial (CA) zoning permits a wide range of commercial uses, including vehicle sales and rental, vehicle repair, and body/paint operations, making the property particularly well suited for automotive businesses and owner-users. The current configuration has a client meeting area. Strategically located along the Bridgeport commercial corridor with excellent exposure and convenient access to Highway 99, Knight Street, Vancouver International Airport and surrounding Metro Vancouver markets. A unique opportunity combining location, flexible warehouse space, rare zoning and an exceptionally high number of grade-level loading doors. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$6.71M
Down payment30% · $2.01M
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$31K

Projected NOI

$301K

Annual cash flow

$-71K

Cash-on-cash

-3.53%

DSCR

0.81

Going-in cap

4.48%

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

85,554

Households

37,837

Median income

$95,000

Median age

33.1

Daytime population

94,273

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 8971 BRIDGEPORT 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.