For Sale · Industrial

7080 WATCH LAKE ROAD, Lone Butte

7080 WATCH LAKE ROAD, Lone Butte, BC V0K2K1

$899,900 total

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

86%

Year Built

2014

Lot Size

29.15 ac

Clear height

25 ft

Loading docks

12

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$900K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 7080 WATCH LAKE ROAD, Lone Butte.

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.