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$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
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 150 LANGLEY AVENUE, Fraser Lake.
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.