Business For Sale · Land

2800 W 3RD STREET, Houston

2800 W 3RD STREET, Houston, BC V0J1Z2

$99,900 total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

92%

Lot Size

1.06 ac

About this property

1.06-acre industrial property at 2800 3rd Street West in Houston, BC, featuring a 2,800 sq. ft. industrial tent (40' x 70') with a 25' peak height. Includes a 14' x 16' overhead door, 5' x 10' man door, interior/exterior lighting, heater, leg block foundation and gravel floor. The tent is uninsulated, with no electrical feed to the site. A Glacier Electrical estimate is available for installation of 100-amp service. Zoned M1 – Light Industrial, permitting uses including equipment servicing, building supply, warehousing, storage and transportation. Located in an established industrial area surrounded by contractors, trucking, logging, fabrication and resource-sector businesses. Strategically situated along Highway 16 between Prince George and Prince Rupert, Houston serves Northern BC's forestry, mining and transportation industries. Ideal for owner-users, contractors, equipment service businesses or investors seeking industrial land with covered storage. (id:66811)

Financial sandbox

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Estimate
Purchase price$100K
Down payment30% · $30K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$461

Projected NOI

$4K

Annual cash flow

$-2K

Cash-on-cash

-5.23%

DSCR

0.72

Going-in cap

3.97%

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

97,365

Households

44,406

Median income

$130,500

Median age

35.3

Daytime population

139,367

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 2800 W 3RD STREET, Houston.

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.