Industrial Investment Property with Long-Standing Operator

Industrial for Sale
Catylist Listing ID: 30296752
Property Subtypes: Manufacturing
Building Size (RSF): 18,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.86 Acres
Sale Price: $4,750,000
Unit Price: $263.89 PSF
Office SF: 450 SF
Property Use Type: Investment
Sale Terms: Sale/Leaseback
Cap Rate: 5.0%
Last Updated: 5/21/2019

Overview / Comments

Operating at this industrial investment property for over 27 years, CRS Construction, a successful steel fabrication and installation company, is in the process of signing a new 10-year lease providing a 5% cap rate. The property includes an expansive and highly-functional warehouse with offices, covered work areas and significant yard space. Located along the Fraser River near the Mission Harbour train station in Mission, BC, with close access to BC Highway #11 and Mission’s downtown core.

Additional Details

Nearest CMA: Abbotsford - Mission
Regional District: Fraser Valley
Parcel ID: 006-159-753
Zoning: INGC
Year Built: 1957
Construction/Siding: Concrete
Parking Type: Surface

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