For Lease · Industrial

160 6660 GRAYBAR ROAD, Richmond

160 6660 GRAYBAR ROAD, Richmond, BC V6W1H9

$1.9M per sq ft / yr

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

97%

Year Built

1992

Clear height

26 ft

Loading docks

8

About this property

VACANT POSSESSION POSSIBLE. Rare rear dock-loading industrial strata unit in Shelter Island Business Park, East Richmond, with ample space for 53-foot trailers. Five parking stalls: 3 front and 2 rear. The two rear stalls are currently rented, with leases terminable by the owner if required. Unit 160's upper level is configured for extra storage, with a wall opening designed for direct pallet access. Concrete tilt-up construction with warehouse and mezzanine space. Currently tenanted; seller advises the warehouse tenant can vacate on 2 months' notice without compensation. Offered at $1,949,000, or together with adjoining unit 155 for $3,799,999. Contact the listing agent for lease details and viewing arrangements. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.95M
Down payment30% · $585K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$111K

Annual cash flow

$3K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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

49,619

Households

17,890

Median income

$135,000

Median age

34.4

Daytime population

66,208

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 160 6660 GRAYBAR ROAD, 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.