For Lease · Industrial

3994 Middle Point Dr, Campbell River

3994 Middle Point Dr, Campbell River, BC V9H1N6

Price on request

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

83%

Lot Size

1.72 ac

Clear height

36 ft

Loading docks

4

About this property

Now leasing at Middleport Industrial Park in North Campbell River! Phase 2, Lot 3 offers 1.715 acres of industrial land with convenient access from the Midport Road extension and proximity to the Island Highway. The I-2 (Industrial Two) zoning supports a broad range of industrial uses, including equipment sales, rental and storage, warehouse and storage yard operations, manufacturing and wholesale uses, subject to applicable regulations. The subdivision features water, storm and sanitary service stubs, with provisions for BC Hydro, telecommunications and Fortis connections. An excellent opportunity for businesses seeking a dedicated industrial site in Campbell River, suitable for equipment storage, contractor operations and outdoor laydown. Contact the listing agent for lease terms and additional information. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

107,527

Households

47,641

Median income

$101,000

Median age

32.3

Daytime population

131,200

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 3994 Middle Point Dr, Campbell River.

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.