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$899,900 total
—
Asset Class
Industrial
Size
—
Building class
C
Zoning
IM — Medium Industrial
$ / SF
—
Occupancy
86%
Year Built
2014
Lot Size
29.15 ac
Clear height
25 ft
Loading docks
12
Excellent industrial opportunity in Lone Butte, just minutes from Highway 24 and directly adjacent to the rail line! Offering over 29 acres of M 3-1 Heavy Industrial zoned land, this property offers excellent potential for a variety of industrial uses. Improvements include a 40' x 80' insulated, steel-framed building constructed in 2014 with a concrete floor, prepped for an outdoor boiler and well suited for warehousing, manufacturing or storage, plus a secondary rustic 36' x 40' outbuilding. Power has been brought to both buildings but is currently disconnected and requires reconnection at the main panel. A drilled well is in place, with buried water and power lines extending to multiple locations (buyer to verify). Two sources of three-phase power are available at the front and rear of the property (buyer to verify connection ability with BC Hydro). Further development potential may exist, with a Preliminary Layout Review (PLR) previously obtained. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$50K
Annual cash flow
$-87
Cash-on-cash
-0.03%
DSCR
1.00
Going-in cap
5.53%
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.
Trade area within 3 miles of the property.
Population
132,072
Households
59,631
Median income
$92,000
Median age
40.9
Daytime population
112,963
5-yr growth
1.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 7080 WATCH LAKE ROAD, Lone Butte.
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.