For Lease · Industrial

2129 11871 HORSESHOE WAY, Richmond

2129 11871 HORSESHOE WAY, Richmond, BC V7A5H5

$20 Yearly

—

Asset Class

Industrial

Size

—

Building class

A

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

85%

Year Built

1994

Clear height

36 ft

Loading docks

6

About this property

This 2,011 sq. ft. office/warehouse space is located in the western section of Riverside Industrial Park, which is strategically located in South Richmond directly adjacent to Highway 99. This location provides excellent highway access to all locations in the Lower Mainland through the interlocking cloverleaf system of Knight Street, Oak Street, Highway 99 and Highway 91. This unit features an open warehouse/work studio area with lots of windows providing an abundant source of natural light, one (1) 9' x 8' grade level loading door, high ceiling warehouse and one (1) handicap accessible washroom. The second floor office has lots of windows and a sky light providing an abundant source of natural light, baseboard heaters, large private office/boardroom, nicely carpeted and one (1) washroom. Three (3) reserved parking stalls including loading area available. Please telephone or email listing agents for further information or to set up a viewing. (id:66811)

Financial sandbox

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Estimate
Purchase price$20
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-4.30%

DSCR

0.77

Going-in cap

4.25%

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

92,570

Households

35,613

Median income

$102,000

Median age

33

Daytime population

105,880

5-yr growth

6.9%

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

Secure deal room

Confidential diligence documents for 2129 11871 HORSESHOE 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.