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Listing by Kane Ryan Pemberton Holmes Ltd.
$2,400,000
Est. payment /mo
10,685 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 10,685 sqft
Price per Sqft $224
MLS Listing ID 1053442
HOA Y/N No
Year Built 1988
Annual Tax Amount $21,855
Tax Year 2026
Property Sub-Type Industrial
Property Description
An excellent opportunity to acquire 3 fully leased industrial strata units offering a 5.7% cap rate and significant rental upside. The offering also includes a 2-bed residential unit. Representing half of the six-unit complex and a 66% interest in the overall property, these well-maintained units comprise approx. 10,685 sqft. of combined interior space and 30 designated parking stalls. All 3 strata units are occupied by long-term tenants at below-market rental rates, providing an opportunity for income growth upon renewal. The strata complex sits on nearly 30,000 sq. ft. of land with convenient access to BC Ferries, the Airport, Sidney and Victoria. Access from both Malaview Ave and a rear laneway supports efficient circulation and loading. Each industrial unit features grade-level bay doors,12 or 14 feet and full-height mezzanines, accommodating a wide range of businesses under the M1 zoning. An attractive investment with established tenancy, a residential component and future upside.
Location
Province BC
County Capital Regional District
Community Si Sidney South-West
Area Sidney
Interior
Fireplace No
Exterior
Parking Features On Site
Garage Spaces 30.0
View Y/N false
Total Parking Spaces 30
Garage No
Others
Ownership Freehold/Strata
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