For Sale · Industrial

122 1085 E KENT AVE NORTH, Vancouver

122 1085 E KENT AVE NORTH, Vancouver, BC V5X4V9

$1.3M total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

89%

Year Built

1994

Clear height

27 ft

Loading docks

9

About this property

2,440 SQ FT Corner Industrial/Office Warehouse Unit located in the Kent Avenue Business Park in South Vancouver with great accessibility to Vancouver Lower Mainland including, Airport, Burnaby, Richmond, Delta, Surrey and US Border. The Unit itself offers flexibility for an Owner User to occupy either floor and rent out the remaining floor with separate entrances, or use the entire building. There are 2 washrooms, one on main level and one on the Upper Level with Shower. The Main Level consists of Office , Reception and some Warehouse Area(12 x 27 approximately). The Upper Level consists of open area, Board Room, Private Offices and Storage. Three(3) Parking Stalls. For more information contact listing agent. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.30M
Down payment30% · $389K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$59K

Annual cash flow

$-13K

Cash-on-cash

-3.31%

DSCR

0.82

Going-in cap

4.55%

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

98,269

Households

44,914

Median income

$129,000

Median age

37.8

Daytime population

138,969

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for 122 1085 E KENT AVE NORTH, Vancouver.

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.