For Sale · Industrial

2105 21000 WESTMINSTER HIGHWAY, Richmond

2105 21000 WESTMINSTER HIGHWAY, Richmond, BC V6V2S9

Price on request

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Asset Class

Industrial

Size

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Building class

C

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

93%

Year Built

1993

Clear height

34 ft

Loading docks

2

About this property

Updated and attractive two level commercial unit with bold exposure and access off Westminster Highway. ZI1 - Industrial Limited Retail Zoning with multiple uses permitted including vehicle and equipment Sales and Leasing. Shop area with 21' ceiling height, private patio and eight designated parking stalls plus additional customer parking. Excellent central location with close proximity to the Shelter Island Marina and highway 91, a short drive to Richmond Centre, YVR, US border and other areas. please contact listing agents for additional information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

97,707

Households

34,778

Median income

$110,500

Median age

33.1

Daytime population

155,183

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 2105 21000 WESTMINSTER HIGHWAY, 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.