


1/4699 Industrial Way, Tofino, BC V0R2Z0
$1.8M total
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Asset Class
Land
Size
—
Building class
B
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
91%
Lot Size
0.58 ac
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)
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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.
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.
Confidential diligence documents for 699 Industrial Way, Tofino.
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.