Business For Sale · Land

699 Industrial Way, Tofino

699 Industrial Way, Tofino, BC V0R2Z0

$1.8M total

—

Asset Class

Land

Size

—

Building class

B

Zoning

UR — Urban Reserve

$ / SF

—

Occupancy

91%

Lot Size

0.58 ac

About this property

Prime industrial land opportunity in Tofino!. Cleared and fully serviced 0.58 acre corner lot, with an existing Temporary Use Permit in place for 6 seasonal worker RVs. The property’s industrial zoning also allows for a wide range of uses including manufacturing/processing, contractor workshops, delivery services, vehicle and marine sales & service, mini storage, retail ancillary to warehousing and staff housing. The site accommodates up to 40ft in building height and 50% lot coverage providing great flexibility for future plans. Located at the highly visible intersection of Industrial Way and Campbell, the lot offers outstanding exposure to passing traffic. Surrounded by established businesses such as Tofino Brew Co., Picnic, Tofino Kombucha and Tofino Distillery, this area is a thriving industrial-commercial hub just minutes from downtown. The seller is open to collaborative ownership structures with the right buyer and is an excellent opportunity for long-term investors. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.75M
Down payment30% · $525K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$73K

Annual cash flow

$-24K

Cash-on-cash

-4.52%

DSCR

0.76

Going-in cap

4.19%

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

70,695

Households

30,992

Median income

$137,000

Median age

37

Daytime population

93,587

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 699 Industrial Way, Tofino.

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.