For Lease · Industrial

11420 BLACKSMITH PLACE, Richmond

11420 BLACKSMITH PLACE, Richmond, BC V7A4X1

Price on request

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Asset Class

Industrial

Size

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Building class

C

Zoning

IL — Light Industrial

$ / SF

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Occupancy

82%

Year Built

2016

Clear height

34 ft

Loading docks

11

About this property

Exceptional leasing opportunity in a prime Richmond location! This versatile industrial property offers an excellent mix of warehouse and office space, ideal for a wide range of businesses. The warehouse features impressive 24' clear ceiling heights, polished concrete flooring, large power capacity, three loading docks plus one grade-level loading bay for convenient shipping and receiving. Additional features include covered outdoor storage and plenty of on-site parking for staff and customers. A highly functional and well-located space with excellent access to major transportation routes. Space can be demised depending on needs!! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$66K

Annual cash flow

$-17K

Cash-on-cash

-3.83%

DSCR

0.79

Going-in cap

4.39%

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

53,176

Households

24,685

Median income

$129,500

Median age

36.5

Daytime population

57,681

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for 11420 BLACKSMITH PLACE, 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.