For Sale · Industrial

21373 83 AVENUE, Langley

21373 83 AVENUE, Langley, BC V2Y2C6

$7.3M total

—

Asset Class

Industrial

Size

—

Building class

B

Zoning

IB — Industrial Business

$ / SF

—

Occupancy

97%

Clear height

26 ft

Loading docks

10

About this property

COURT-ORDERED SALE - 1.98 acres of industrial-zoned in the NCP land in Langley's desirable Willoughby neighbourhood. Designated for Business Park uses under the Williams NCP, the property offers exceptional Highway 1 exposure, convenient access to the 216th Street interchange, and a prime location directly across from a planned film studio. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$7.25M
Down payment30% · $2.17M
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$33K

Projected NOI

$350K

Annual cash flow

$-52K

Cash-on-cash

-2.37%

DSCR

0.87

Going-in cap

4.83%

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

68,254

Households

29,633

Median income

$82,000

Median age

43.3

Daytime population

103,505

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 21373 83 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.