For Sale · Industrial

150 LANGLEY AVENUE, Fraser Lake

150 LANGLEY AVENUE, Fraser Lake, BC V0J1S0

$649,000 total

—

Asset Class

Industrial

Size

—

Building class

B

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

85%

Year Built

1989

Lot Size

1.05 ac

Clear height

24 ft

Loading docks

5

About this property

Position your business for success with this versatile light industrial property, ideally located just off Highway 16 with quick highway access. Offering 3,600 sq. ft. of commercial space on a 1.05-acre lot, this property provides the space, access and flexibility needed to grow. Light industrial zoning supports opportunities including animal clinic, contractor services, light industrial, office use, outdoor storage, recreational vehicle sales, service commercial, minor or major service station, and vehicle wash. Three-phase power adds valuable capability for commercial and industrial operations. Recent upgrades include a newer roof and siding, offering added peace of mind. The property is equipped with machinery including a lathe, milling machine, drill press, car hoist, overhead crane, tire balancer, compressor, pressure washer, C-can and more. An excellent opportunity for an owner-operator, trades business or investor. Contact the listing agent for full details on included equipment and permitted uses. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$649K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$31K

Annual cash flow

$-5K

Cash-on-cash

-2.35%

DSCR

0.87

Going-in cap

4.84%

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

121,557

Households

50,286

Median income

$78,500

Median age

42

Daytime population

150,913

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 150 LANGLEY AVENUE, Fraser Lake.

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.