For Sale · Industrial

117 Fir Avenue, Oliver

117 Fir Avenue, Oliver, BC V0H1T0

$430,000 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

96%

Lot Size

0.35 ac

Clear height

31 ft

Loading docks

7

About this property

Set on a corner in the heart of Oliver's industrial area, this fully fenced, flat 0.35-acre lot is a clean slate ready for your business. With frontage and access from two roads, getting trucks, trailers, and equipment of any size in and out is easy, and the level, open site makes it simple to plan a shop, yard, or storage operation from the ground up. Whether you're a contractor needing a secure laydown yard, an operator looking for equipment or RV storage, or a business ready to build its own space, the lot's size and corner exposure give you room to grow and room to be seen. Zoned M1 General Industrial, just minutes to Oliver's shops, services, and amenities. The two adjoining lots, 147 Fir Ave (with Quonset shop) and 5908 Hemlock St, are also for sale and could be purchased together and amalgamated for approximately 1.5 acres. Fully fenced, flat, and on a corner, industrial land like this doesn't come along often in Oliver. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$430K
Down payment30% · $129K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$23K

Annual cash flow

$-788

Cash-on-cash

-0.61%

DSCR

0.97

Going-in cap

5.36%

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

81,747

Households

28,300

Median income

$71,000

Median age

38.4

Daytime population

131,965

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for 117 Fir Avenue, Oliver.

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.