For Sale · Industrial

106 11538 132A STREET, Surrey

106 11538 132A STREET, Surrey, BC V3R7S2

$870,000 total

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Asset Class

Industrial

Size

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Building class

B

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

97%

Clear height

22 ft

Loading docks

2

About this property

Warehouse with Industrial Zoning IL-1 : High Ceiling , 1500sq. ft. including 500sq ft mezzanine. Comes with 2 office, toilet, kitchenette and rough in shower. Currently tenanted to a metal railing business. Principal Uses: 1. Light impact industry. 2. Recycling depots, pursuant to Section J.5 of this Zone. 3. Warehouse uses. 4. Distribution centres. 5. General service uses, limited to the following: (a) Industrial first aid training; and (b) Trade schools. 6. Office uses, limited to the following: (a) Architectural and landscape architectural offices; (b) Engineering and surveying offices; (c) General contractor offices; (d) Government offices; and (e) Utility company offices. 7. Self-Storage Warehouse (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$870K
Down payment30% · $261K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$42K

Annual cash flow

$-6K

Cash-on-cash

-2.47%

DSCR

0.87

Going-in cap

4.80%

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

121,575

Households

52,675

Median income

$90,500

Median age

42.6

Daytime population

161,116

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for 106 11538 132A STREET, Surrey.

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.