1500 Springhill Rd - Manufacturing FOR SALE


Parksville, BC V9P 2T2
$7,900,000 CAD
250-240-1226
1500 Springhill Rd, Parksville, BC for Sale
$7,900,000 CAD
Manufacturing - FOR SALE
1/11
null | Request Cap Rate

1500 Springhill Rd
Parksville, BC V9P 2T2


HIGHLIGHTS

  • Modern 35,000 sq. ft. industrial building featuring integrated showroom and manufacturing space.
  • Constructed in 2016, offering high-quality infrastructure and current operational efficiencies.
  • Current zoning I1 with potential for I4 rezoning to allow subdivision and increased building coverage.
  • Opportunity to acquire both real estate and Mid Island Cabinets Ltd. as a bundled sale for business continuity.
  • Convenient access to major Island highways supporting regional distribution and logistics.
  • Located within a growing economic hub on Vancouver Island with strong industrial demand fundamentals.

OVERVIEW

THIS IS A SHARE SALE FOR THE SHARES OF OCEANSIDE PACIFIC CENTER LTD. WHICH OWNS THE LAND AND BUILDINGS DESCRIBED BELOW: LOT D, PLAN EPP9445, DISTRICT LOT 103, NANOOSE LAND DISTRICT AND WOULD IDEALLY BE SOLD WITH MID ISLAND CABINETS LTD. WHICH IS A KITCHEN CABINET MANUFACTURING AND INSTALLATION BUSINESS (MLS 1034415) FOR SALE - 35000 Sq Ft Building demised into a 5,000 sq ft showroom and a 30,000 Sq ft manufacturing plant. This building was constructed in 2016 and is in new condition. The current owners would like to retire and will consider selling the business and land and buildings seperately, but would like to sell it all together. Currently zoned I1, but there is recent precedent to re-zone to I4 allowing sub-division and doubling the allowable building foot print.

FOR SALE DETAILS

PRICE

$7,900,000 CAD

PRICE/SF

$226 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.07

LAND SF

220,849

ZONING

I1

APN/PARCEL ID

028-438-604

ASK ABOUT THIS PROPERTY

Greg SaboRoyal LePage Coast Capital RealtyMore Info
250-240-1226

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Greg SaboRoyal LePage Coast Capital RealtyMore Info
250-240-1226

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.