322 John St - Industrial FOR SALE


Victoria, BC V8T 1T3
$4,950,000 CAD
250-882-4102
322 John St, Victoria, BC for Sale
$4,950,000 CAD
Industrial - FOR SALE
1/17
null | Request Cap Rate

322 John St
Victoria, BC V8T 1T3


OVERVIEW

Exceptionally well-located investment property, in the heart of the Rock Bay Industrial District. 322 John Street is a versatile 10,465 SF building on a 16,765 SF secured lot with lots of parking. Centrally located with excellent vehicular access to Greater Victoria and all major highways. The current owners have taken great care of the building. There is a long term, Class AAA tenant in place by the name of Westburne Electric, owned by parent company Rexel Canada since 1926. Westburne is a nationwide leader in lighting and energy solutions. The tenant is currently paying “below market” rents, which gives an in-coming investor a great opportunity to increase the revenue on the building by 25% within the next two (2) years. The opportunity is to purchase an exceptionally well-located and cared-for industrial warehouse in the heart of midtown Victoria, with a solid Class AAA tenant in place and the bonus of being able to roll up rents by approximately 25% within the next two (2) years.

FOR SALE DETAILS

PRICE

$4,950,000 CAD

PRICE/SF

$473 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

322 John Street

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2012

UTILITIES

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CLEAR CEILING HT

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DOCKS

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DRIVE INS

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PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

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ZONING

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APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Anne TannerRoyal LePage Coast Capital RealtyMore Info
250-882-4102

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Anne TannerRoyal LePage Coast Capital RealtyMore Info
250-882-4102

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