Business For Sale · Land

23240 DYKE ROAD, Richmond

23240 DYKE ROAD, Richmond, BC V6V1E2

$1.4M total

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Asset Class

Land

Size

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Building class

C

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

92%

Lot Size

0.08000459136822773 ac

About this property

Fresh water MARINA in East Richmond. Port Authority will allow 3 Float Houses and there's still space for boat(s) moorage. Water lot is 15,995 sq. ft. Annual Water Lot Lease is $11,535. Located in Annacis Channel of the South Arm of the Fraser River. Located 2 miles up river from Shelter Island Marina. Lots of space for parking (10-12 cars) and dry land storage. PLEASE DO NOT ENTER THE PROPERTY WITHOUT AN APPOINTMENT. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.40M
Down payment30% · $420K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$61K

Annual cash flow

$-17K

Cash-on-cash

-3.99%

DSCR

0.78

Going-in cap

4.34%

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

105,110

Households

48,901

Median income

$65,500

Median age

37.9

Daytime population

144,477

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 23240 DYKE ROAD, 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.