For Lease · Industrial

128 11860 HAMMERSMITH WAY, Richmond

128 11860 HAMMERSMITH WAY, Richmond, BC V7A5G1

$21.5 Yearly

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

93%

Year Built

1990

Clear height

24 ft

Loading docks

7

About this property

Well-located 1,822 sq. ft. industrial warehouse unit in the established Hammersmith Business Park in South Richmond. The functional layout features a bright front office/showroom area, open warehouse space, private washroom, utility room and one grade-level loading door. Ceiling heights measure approximately 11'3" in the front portion and up to 24'3" in the warehouse, providing excellent flexibility for storage and a variety of business operations. IB zoning accommodates a broad range of general industrial, warehouse, manufacturing and other permitted business uses. Conveniently located near Ironwood Plaza, Steveston Highway, No. 5 Road and Highway 99, offering efficient access throughout Richmond, Vancouver and the Lower Mainland. Available for a long-term lease. (id:66811)

Financial sandbox

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Estimate
Purchase price$22
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-4.05%

DSCR

0.78

Going-in cap

4.33%

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

58,918

Households

20,913

Median income

$80,500

Median age

43.5

Daytime population

71,588

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for 128 11860 HAMMERSMITH WAY, 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.