2998,2994 BOYS DUNCAN

neighbourhood of Other British Columbia Canada V9L 6W4
$6,250,000

2998,2994 BOYS DUNCAN

  • Price: $6,250,000
  • MLS Number: 872629
  • Square Footage: 19000 Sq Ft
  • Property Type: Residential

2994 and 2998 Boys Rd. to be sold in combination or separately 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%.

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Listing Brokerage: Coldwell Banker Oceanside Real Estate

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