For Sale · Industrial

207 23251 FRASERWOOD WAY, Richmond

207 23251 FRASERWOOD WAY, Richmond, BC V6V3B3

$1.5M total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IB — Industrial Business

$ / SF

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Occupancy

83%

Year Built

2023

Clear height

21 ft

Loading docks

12

About this property

Welcome to Unit 207 at Catalina Corporate Centre, a strata unit in East Richmond's newest industrial project. This 3,137 SF unit features 2,075 SF of warehouse space and 1,062 SF of mezzanine, offering the flexibility to customize office and warehouse space to suit your business needs. The unit boasts 26' clear ceiling height and a large loading door, ideal for a range of industrial users. The Catalina Corporate Centre is a Triple AAA building comprised of 82,306 SF of small bay warehouse space over two buildings, built and developed by Ventana Construction, a general contractor and construction manager operating in British Columbia since 1987. Don't miss this opportunity to purchase a high quality strata unit in one of Richmond's premier business parks. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.49M
Down payment30% · $447K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.73%

DSCR

0.91

Going-in cap

5.02%

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

99,889

Households

39,474

Median income

$105,000

Median age

45.7

Daytime population

85,626

5-yr growth

2.8%

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

Secure deal room

Confidential diligence documents for 207 23251 FRASERWOOD 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.