For Sale · Industrial

147 FIR Avenue, Oliver

147 FIR Avenue, Oliver, BC V0H1T0

$550,000 total

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Asset Class

Industrial

Size

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Building class

B

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

94%

Lot Size

0.33 ac

Clear height

22 ft

Loading docks

5

About this property

Set in the heart of Oliver's industrial area, this fully fenced, flat 0.33-acre lot is ready to put to work. Rolling gates give easy access for equipment of any size, and a separately fenced front area could serve as customer parking. The Quonset sits on a concrete slab with double overhead bay doors and a car lift already installed, so mechanics, contractors, and car enthusiasts can roll in and get straight to work. Inside, a reception area doubles as a potential small retail space, and an upper loft adds handy storage while keeping the shop floor clear. There's still plenty of yard left over for storage, parking, vehicles, or future expansion. Zoned M1 General Industrial, with easy access and just minutes to Oliver's shops, services, and amenities. The two adjoining lots, 117 Fir Ave and 5908 Hemlock St, are also for sale and could be purchased together and amalgamated for approximately 1.5 acres. Industrial lots with a shop and lift already in place don't come along often in the South Okanagan. (id:66811)

Financial sandbox

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Estimate
Purchase price$550K
Down payment30% · $165K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$34K

Annual cash flow

$4K

Cash-on-cash

2.26%

DSCR

1.12

Going-in cap

6.22%

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

115,797

Households

54,471

Median income

$98,000

Median age

45.8

Daytime population

180,796

5-yr growth

0.6%

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

Secure deal room

Confidential diligence documents for 147 FIR Avenue, Oliver.

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.