For Sale · Industrial

12194 86 AVENUE, Surrey

12194 86 AVENUE, Surrey, BC V3W3H7

$2.2M total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IL — Light Industrial

$ / SF

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Occupancy

86%

Clear height

34 ft

Loading docks

10

About this property

FLEXIBLE INDUSTRIAL STRATA - RUN YOUR BUSINESS, LEASE THE REST. A rare, income-flexible IL-zoned industrial strata unit in Surrey: 2,398 SF warehouse (22 ft clear, 2 grade-level loading doors), 1,016 SF main office, 429 SF mezzanine, 1,378 SF back office, and 1,011 SF upper office. Run your operation from the warehouse and lease the offices for extra income, or occupy the whole building yourself - the choice is yours. Features 4 washrooms, multiple private offices, a boardroom, and a kitchen for personal use, plus one office set up as a caretaker's space with its own full bathroom, ideal for on-site staff or a future tenant. Suited for warehouse, distribution, light industry, transportation, vehicle storage, equipment rentals, self-storage, and limited office uses (confirm with the City). Gas heating, hot water tanks, 6-8 parking stalls plus visitor parking. Move-in-ready - use it, lease it, or do both. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.23M
Down payment30% · $668K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$10K

Projected NOI

$110K

Annual cash flow

$-14K

Cash-on-cash

-2.04%

DSCR

0.89

Going-in cap

4.93%

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

116,677

Households

44,490

Median income

$79,500

Median age

42.2

Daytime population

145,159

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 12194 86 AVENUE, Surrey.

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.