For Sale · Industrial

10 11191 HORSESHOE WAY, Richmond

10 11191 HORSESHOE WAY, Richmond, BC V7A4S5

Price on request

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Asset Class

Industrial

Size

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Building class

C

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

90%

Year Built

1980

Clear height

31 ft

Loading docks

5

About this property

4,316 SF strata warehouse unit | 20' clear ceiling | Dock loading | IB1 zoning; Well-maintained strata warehouse unit in the established Horseshoe Way industrial area of South Richmond, minutes from Highway 99. Open, functional warehouse space with 20' clear ceiling height and dock loading, suited to distribution, light manufacturing, storage and a wide range of IB1-permitted uses. Rarely available small-bay warehouse in one of Metro Vancouver's tightest industrial submarkets. Can be leased together with adjacent Unit 11 (±4,753 SF incl. walk-in cooler) for a combined ±9,069 SF. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

57,453

Households

24,898

Median income

$81,500

Median age

42.4

Daytime population

78,769

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 10 11191 HORSESHOE WAY, 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.