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For Sale · Industrial

4605 34 Street Unit# 9 - 14, Vernon

4605 34 Street Unit# 9 - 14, Vernon, BC V1T5Y8

Price on request

—

Asset Class

Industrial

Size

—

Building class

Zoning

IB — Industrial Business

$ / SF

—

Occupancy

89%

Clear height

28 ft

Loading docks

About this property

Brand NEW space available upon completion in Building B at SALT Centre, Vernon’s newest master planned commercial complex. Units 9–14 is asuggested combination to create 22,221 SF. With 6 grade-level loading bays (4 to the front and 2 to the rear) and 2 dock-level loading bays tothe rear, providing the ultimate flexibility and convenient access, as well as 3,705 SF in mezzanine space. Warehouse features 26’ clear ceilingheight, ESFR fire protection, gas-fired heaters, LED light fixtures and a 500 lb/sf floor load capacity. Main floor office space (835 SF) in Unit 13to be built out with 2 individual offices, meeting room, open area with workstations, reception, washroom and kitchenette. Prime location just offHighway 97 N with Flexible INDL zoning –which allows for a multitude of uses. TI packages available. Units can be combined for largercontiguous spaces. Act now to secure this outstanding space at SALT CENTRE today. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$1.50M

Down payment30% · $450K

Interest rate6.25%

Amortization25 years

Occupancy89%

Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

51,154

Households

17,870

Median income

$67,500

Median age

40.5

Daytime population

56,605

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for 4605 34 Street Unit# 9 - 14, Vernon.

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.