For Lease · Industrial

185 1991 SAVAGE ROAD, Richmond

185 1991 SAVAGE ROAD, Richmond, BC V6V0A4

Price on request

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Asset Class

Industrial

Size

—

Building class

A

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

95%

Year Built

2008

Clear height

27 ft

Loading docks

13

About this property

Prime Richmond Industrial Warehouse for Lease. Excellent opportunity to lease industrial warehouse space in Richmond's well-established industrial area, conveniently located near No. 6 Road and River Road. This strategically positioned property offers convenient access to Highways 91 and 99, providing excellent connectivity to Vancouver, Burnaby, New Westminster, and Vancouver International Airport (YVR).Ideal for businesses seeking a practical and accessible location for warehousing, storage, distribution, or related light industrial operations, subject to applicable zoning and strata regulations. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

86,148

Households

33,789

Median income

$92,500

Median age

45.5

Daytime population

132,125

5-yr growth

7%

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

Secure deal room

Confidential diligence documents for 185 1991 SAVAGE ROAD, 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.