Business For Sale · Land

2705 75th Avenue, Grand Forks

2705 75th Avenue, Grand Forks, BC V0H1H2

$2.2M total

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

97%

Year Built

2019

Lot Size

32.31 ac

About this property

All the set up work is done on this 32 acre property First year of full production on 25 acres an estimated 40-50 bins per acre is a realistic estimate for this year Let's calculate the basic numbers to develop a property like this Could be a turn key operation > many spots to build a residence .Number may vary from property to property Historically raw agricultural flat and all usable is been selling for $50,000.00 + an Acre x 32 Acres .Develop water wells and drip irrigation for 29 acres and install underground service lines roughly $100,000.00 .Add approximately 12000 poles and wire on 28 acres to support the apple trees $130,000.00 Add 55000 Apple trees @$3.00 is $165000.00 . Equipment shed /workshop/Workers Quarters add $100,000.00. Haven't mentioned the fencing around the property ,machinery available to run the property or the bonus 1+ acres in ground crops and 3 acres with infrastructure waiting to be planted Four years to bring this property it production priceless Come and take a look ,reap the benefits of all the Hard work to bring this property to were it is Harvest is coming up quickly negotiate a deal to include the crop Check out the 2 Videos (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.20M
Down payment30% · $660K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$10K

Projected NOI

$113K

Annual cash flow

$-9K

Cash-on-cash

-1.29%

DSCR

0.93

Going-in cap

5.15%

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

102,935

Households

47,557

Median income

$87,000

Median age

44.4

Daytime population

97,561

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for 2705 75th Avenue, Grand Forks.

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.