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Business For Sale · Land

34491 LOUGHEED HIGHWAY, Mission

34491 LOUGHEED HIGHWAY, Mission, BC V2V6N7

$3.0M total

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Asset Class

Land

Size

—

Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

89%

Lot Size

2.3899999999999997 ac

About this property

Attention Investors & Developers!!! Check out 34491 Lougheed Highway; a high exposure development opportunity located in beautiful Mission, BC. This is one of the few commercial development sites currently in Mission. Its location offers easy access for both east and westbound traffic on the Lougheed Highway and the Hatzic Bench. CTR - Commercial Tourist Zoning currently exists due to a longstanding motel that was operating for many years, which recently burnt down. Contact the City of Mission and inquire about rezoning to CH-1 which would provide a wide range of uses. Endless potential!!! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.00M
Down payment30% · $900K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$14K

Projected NOI

$113K

Annual cash flow

$-53K

Cash-on-cash

-5.94%

DSCR

0.68

Going-in cap

3.76%

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

113,912

Households

45,472

Median income

$131,500

Median age

35.9

Daytime population

131,758

5-yr growth

4.1%

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

Secure deal room

Confidential diligence documents for 34491 LOUGHEED HIGHWAY, Mission.

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.