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No City Value,BC V9A 4V1
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 27,741 sqft
Price per Sqft $355
Subdivision Out Of Town
MLS Listing ID C8065742
Annual Tax Amount $133,345
Tax Year 2023
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 convenient access to major transportation routes in and around the City. With just 35% site coverage, the property has significant 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 are an owner occupier. Monk will do a Seller lease back providing the Buyer with a strong cap rate/ yield on the purchase. Alternatively, Monk can provide vacant possession of the Monk occupied space with reasonable notice. Further details are available upon executing the Non Disclosure Agreement found in the Supplements.
Location
State BC
Community Out Of Town
Area Out Of Town
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Building
Dwelling Type Industrial,Land Commercial
Water Municipal