$6,250,000

2998,2994 Boys Rd
MLS® NO: 872629

Description

2994 and 2998 Boys Rd. to be sold in combination and includes 19,000 sqft of light industrial warehouse space plus mezzanine space. 9,000 sqft plus mezzanine levels of fully leased, recently renovated building, 10,000 sqft of space presently under construction with 6,000 sqft pre-leased to a high quality single tenant. 4,000 sqft held for possible owner occupier. Alternatively, the 4,000 sqft can be leased @ $17/sqft as either one or two units. Possession and Completion upon receiving an occupancy permit from the CVRD on the 2nd building. Construction completion estimated to be between 4-6 months. Duncan has high demand for Light Industrial space with a significant shortage of supply. Conveniently located to serve southern Vancouver Island. All sizes approximate and to be verified if important to the buyer. At full occupancy the Cap Rate is approximately 5.6%.

General

Taxes: 1

Lot Information

SqFt: 41628
Acres: 0.96
Lot Features: Central Location, Cleared, Corner, Easy Access, Landscaped, Level, Rectangular Lot, Serviced, Shopping Nearby
Water: Municipal
Waste: Sewer Connected

Property Details

Building Type:
Municipality: Duncan
Sq. Feet: 41,628

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Listed with:

John Morris - Coldwell Banker Oceanside Real Estate
Phone: 250-710-0765

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.