For Sale · Industrial

5 2794 Beck Ave, Cumberland

5 2794 Beck Ave, Cumberland, BC V0R1S0

$198,900 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

87%

Clear height

29 ft

Loading docks

3

About this property

Comox Valley’s newest storage facility in the Bevan lands Industrial Park. This beautifully designed self-storage facility offers first class space for personal storage, shop, or your business needs. This unit is 14ft x 50ft with a 14ft rollup door, 16ft interior ceiling height, plus a 28ft Mezzanine which can be easily retracted by 8ft or removed entirely. This unit is heated and has upgraded locks, lighting, toilet (plumbed for a sink), and offers an exterior back door with keypad entry. There is a RV sani-dump for owners use, secured access, ample hose bibs, and an onsite residence. The zoning is I-2, Heavy Industrial, which offers tremendous options for those needing additional space for your business. The proximity to the Highway makes this a great option for RV/Boat storage or business needs. For more information, please contact Christiaan Horsfall at 250-702-7150. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$199K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$918

Projected NOI

$9K

Annual cash flow

$-2K

Cash-on-cash

-3.82%

DSCR

0.79

Going-in cap

4.40%

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

131,320

Households

49,277

Median income

$118,500

Median age

35.8

Daytime population

184,655

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 5 2794 Beck Ave, 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.