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$2,890,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type Asset
MLS Listing ID C8073391
Year Built 1980
Property Sub-Type Industrial
Property Description
Rare opportunity to purchase 2 high-exposure, tenanted industrial strata units totaling approx. 4,500 sq.ft. in South Richmond's Riverside Industrial Park, near No. 5 Rd and Steveston Hwy, behind Ironwood Mall. Currently leased to a dance academy with a $3/sq.ft. annual increase. Monthly net rent: Yr 1 - $7,125; Yr 2 - $8,250; Yr 3 - $9,375; Yr 4 - $10,500; Yr 5 - $11,625. Lease expires Aug 31, 2030. Corner/end units with 14' ceilings, 2 grade loading doors, IB1 zoning, great exposure along Horseshoe Way, and easy access to Hwy 91 & 99.
Location
Province BC
Community Gilmore
Area Richmond
Zoning IB1
Interior
Heating Make-Up Air, HVAC System
Cooling Make-Up Air, Air Conditioning, HVAC System
Exterior
Utilities Available Electricity Connected
Roof Type Torch On
Total Parking Spaces 4
Building
Story 1
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water Public
Others
Ownership Freehold
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