For Sale · Office

1850 AIRPORT ROAD, Pemberton

1850 AIRPORT ROAD, Pemberton, BC V0V0V0

$2.7M total

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Asset Class

Office

Size

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Building class

C

Zoning

CO — Commercial Office

$ / SF

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Occupancy

84%

Lot Size

9.5 ac

About this property

Incredible opportunity to acquire the majority of airside improvements at Pemberton Airport. Situated on just under 10 acres of leasehold land this offering provides for over 18,000 square feet of improvements and is ideal for a wide range of aviation uses suitable for both fixed wing and rotary operations. Consisting of the airport's impressive main terminal building, an expansive 7,000+ sq.ft hangar, separate employee accommodation, multi-bay workshop, and separate office building, this is a turnkey acquisition for any commercial aviation operation or private aviation user. Pemberton Airport is a non-towered, non-lighted aerodrome with VFR service and a 4,000 paved strip. It is one of only two airports in the Sea to Sky Corridor and is within 30 minutes of Whistler. This is a leasehold property zoned for aviation use only, with some accessory uses permitted. This is by far the best value in BC today for a comprehensive aviation facility. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.69M
Down payment30% · $809K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$159K

Annual cash flow

$9K

Cash-on-cash

1.15%

DSCR

1.06

Going-in cap

5.89%

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

101,621

Households

48,010

Median income

$108,000

Median age

33.7

Daytime population

120,108

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 1850 AIRPORT ROAD, Pemberton.

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.