For Lease · Industrial

300 19950 88 AVENUE, Langley

300 19950 88 AVENUE, Langley, BC V1M0A5

$22.5 per sq ft / yr

—

Asset Class

Industrial

Size

—

Building class

C

Zoning

IB — Industrial Business

$ / SF

—

Occupancy

89%

Clear height

18 ft

Loading docks

6

About this property

Located at the southwest corner of 200 Street and 88 Avenue, this outstanding central location provides immediate access to Highway 1 and an abundance of parking spaces. This 1,464 square foot light industrial space offers an open shop area measuring approximately 54' wide by 18'10" deep; a 14'8" x 8'4" office; and 13'7" clear ceiling height accessible via two 8'5" wide by 9'5" tall grade level roll-up doors; and a 3-Phase / 225-AMP / 240-Volt power supply. The monthly gross asking rent is $3,721.00 per month (plus GST). Please note that automotive uses of any kind are not permitted on this property. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$23
Down payment30% · $7
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-5.29%

DSCR

0.71

Going-in cap

3.96%

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

97,043

Households

41,972

Median income

$124,000

Median age

36.6

Daytime population

110,533

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for 300 19950 88 AVENUE, Langley.

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.