For Sale · Industrial

Lots 10+11 3901 Bevan Rd, Cumberland

Lots 10+11 3901 Bevan Rd, Cumberland, BC V9N9M9

$2.4M total

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IB — Industrial Business

$ / SF

—

Occupancy

89%

Lot Size

3.52 ac

Clear height

25 ft

Loading docks

9

About this property

RE/MAX Commercial presents the opportunity to acquire proposed Lots 10 and 11, comprising approximately 3.52 acres within the growing Bevan Industrial Lands in Cumberland. Minutes from Highway 19, this central Comox Valley location provides efficient access across Vancouver Island, to the airport and ferry connections, with Nanaimo and Port Alberni ports approximately an hour away. I-2 zoning supports a broad range of industrial uses, making the property ideal for contractors, trades, manufacturing, warehousing, distribution, storage and owner-users seeking room to grow. Planned level, serviced lots with paved access offer an alternative to higher-cost industrial markets, with competitive land and operating costs and the potential for lower property taxes. Secure a strategic position in one of the Comox Valley’s key emerging employment hubs. Lots may be available together or separately. Buyer to verify zoning, servicing, development requirements and permitted uses. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.38M
Down payment30% · $713K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$100K

Annual cash flow

$-31K

Cash-on-cash

-4.41%

DSCR

0.76

Going-in cap

4.22%

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

59,909

Households

23,413

Median income

$101,500

Median age

45.2

Daytime population

100,945

5-yr growth

4.7%

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

Secure deal room

Confidential diligence documents for Lots 10+11 3901 Bevan Rd, Cumberland.

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.