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$9,300,000
Est. payment /mo
1.64 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Old Esquimalt
MLS® Listing ID 1015713
Lot Size 1.640 Acres
Acres 1.64
Property Sub-Type Freehold
Source Victoria Real Estate Board
Property Description
Large light industrial zoned property in a highly desirable area of Esquimalt (with a portion of the property in Vic West) just minutes from downtown Victoria with easy access to major transportation routes in and around the City. The property offers an exceptional owner / occupier opportunity. With just 35% site coverage and demo clauses in place, the property also has significant upside development potential (approx. 20,000 SF in excess land) while providing the owner with an existing strong and stable rental income. The property is anchored by Monk Office Supply ('Monk') who is an owner occupier. Monk will do a Seller lease back providing the Buyer with a strong cap rate / yield on the purchase (6% + cap rate). Alternatively, Monk can provide vacant possession of the Monk occupied space (18,563 SF of warehouse and 4,721 SF of office over 2 floors) with reasonable notice (lower warehouse occupied by Add2Cart is 4,457 SF). Further details are available upon executing the Non Disclosure Agreement found in the Supplements. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
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Listed by NAI Commercial (Victoria) Inc.
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