For Sale · Industrial

2155 21000 WESTMINSTER HIGHWAY, Richmond

2155 21000 WESTMINSTER HIGHWAY, Richmond, BC V6V2S9

$1.2M total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IB — Industrial Business

$ / SF

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Occupancy

99%

Year Built

1993

Clear height

21 ft

Loading docks

4

About this property

2,300 sqft warehouse/office/showroom is located in the center of East Richmond providing excellent exposure along Westminster Hwy. This property allows for Automobile licensee or related business. Excellent access to Downtown Vancouver (30 minutes), Vancouver International Airport (15 minutes) and the US Border (15 minutes). Unit features: Rear level loading, 10' x 12' loading door, 18' ceiling heights. Please contact listing agent for more details and book a showing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$75K

Annual cash flow

$9K

Cash-on-cash

2.37%

DSCR

1.13

Going-in cap

6.25%

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

45,133

Households

20,385

Median income

$92,500

Median age

45.6

Daytime population

45,807

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 2155 21000 WESTMINSTER HIGHWAY, Richmond.

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.