For Sale · Industrial

202 20381 62 AVENUE, Langley

202 20381 62 AVENUE, Langley, BC V3A5E6

$1.4M total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

98%

Clear height

18 ft

Loading docks

1

About this property

Opportunity to own a versatile light industrial strata unit in Barr Industrial Park, ideally positioned in Langley with convenient access to major transportation routes, amenities and surrounding commercial areas. Offering approx 1,920 SF not including mezzanine, this functional unit combines warehouse, office providing flexibility for a wide range of business operations. Features include a grade-level overhead loading door, high warehouse ceilings, open work/storage areas, private office space, staff/break area and washroom. Excellent accessibility for deliveries, staff and clients. M2 zoning supports a variety of light industrial and commercial uses, making this an attractive option for an owner-user, growing business or investor seeking adaptable space in an established industrial location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.38M
Down payment30% · $414K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$83K

Annual cash flow

$6K

Cash-on-cash

1.49%

DSCR

1.08

Going-in cap

5.99%

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

145,301

Households

56,986

Median income

$63,500

Median age

37.7

Daytime population

198,195

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 202 20381 62 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.