For Sale · Industrial

6 2535 McCullough Rd, Nanaimo

6 2535 McCullough Rd, Nanaimo, BC V9S4M9

$490,000 total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

96%

Year Built

2006

Clear height

35 ft

Loading docks

4

About this property

1400 sq ft of commercial warehouse space is now available! Opportunities like this rarely come up in Nanaimo’s tight commercial market. Zoned I3 (High Tech Industrial) with supporting commercial uses, this property offers a wide variety of potential business opportunities. Convenience is highlighted with one dedicated parking stall, a loading bay, and additional guest parking beside the building. Featuring multiple man-door exits and a large 12' x 10' garage door, the space provides excellent access for storage, equipment, or workspace needs. Tall ceilings allow for efficient vertical storage or shelving options. The unit also includes a bathroom and is well suited to incorporate an office area, allowing you to customize the layout to suit your business. Equipped with heat and ample power, this warehouse is ready for your operations. Don’t miss your chance to secure the commercial space you’ve been waiting for! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$490K
Down payment30% · $147K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$30K

Annual cash flow

$3K

Cash-on-cash

2.18%

DSCR

1.12

Going-in cap

6.20%

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

57,594

Households

24,567

Median income

$113,500

Median age

45.9

Daytime population

87,317

5-yr growth

3%

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

Secure deal room

Confidential diligence documents for 6 2535 McCullough Rd, Nanaimo.

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.