For Lease · Land

19944 18 AVENUE, Langley

19944 18 AVENUE, Langley, BC V2Z1Z5

$6.01 per sq ft / yr

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Asset Class

Land

Size

—

Building class

B

Zoning

AG — Agricultural

$ / SF

—

Occupancy

92%

Lot Size

5 ac

About this property

Excellent opportunity to lease a 10,450 sq. ft. barn at the high-visibility corner of 16th Avenue and 200th Street, offering excellent exposure and easy access. The barn features approximately 7,300 sq. ft. on the ground floor and 3,150 sq. ft. of mezzanine space. Approximately 5 acres of additional land is available for lease at an additional cost. The lease rate for the land will depend on the amount of land required. A generator is available on site for power. The property is zoned RU-1. Potential uses may include agricultural operations, commercial greenhouses, equestrian centres, riding stables, feedlots, intensive farm operations, mushroom farms, and other permitted uses, subject to municipal regulations and approvals. Both short-term and long-term lease options are available. Tenants should verify zoning, permitted uses, building and land measurements, and the property's suitability for their intended use through their own due diligence. (id:66811)

Financial sandbox

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Estimate
Purchase price$6
Down payment30% · $2
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$0

Annual cash flow

$-0

Cash-on-cash

-18.47%

DSCR

0.00

Going-in cap

0.00%

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

63,925

Households

28,853

Median income

$66,000

Median age

37.7

Daytime population

67,096

5-yr growth

6.4%

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

Secure deal room

Confidential diligence documents for 19944 18 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.