For Sale · Industrial

11 11191 HORSESHOE WAY, Richmond

11 11191 HORSESHOE WAY, Richmond, BC V7A4S5

Price on request

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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

83%

Year Built

1980

Clear height

20 ft

Loading docks

2

About this property

4,753 SF strata warehouse incl. ±1,849 SF walk-in cooler (71' × 26') 20' clear ceiling | Dock loading | IB1 zoning Rare cold-storage warehouse in the established Horseshoe Way industrial area of South Richmond, minutes from Highway 99. Large built-in walk-in cooler (±1,849 SF, 71' × 26') , 20' clear ceiling height and dock loading. Ideal for food distribution, cold-chain storage, catering and other temperature-controlled operations. IB1 zoning allows a wide range of industrial uses. Can be leased together with adjacent Unit 10 (±4,316 SF) for a combined ±9,069 SF. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

97,721

Households

34,439

Median income

$82,500

Median age

44.3

Daytime population

164,939

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 11 11191 HORSESHOE WAY, 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.