Price Reduced: Industrial Investment Property in Cobble Hill

Price Reduced: Industrial Investment Property in Cobble Hill, BC: 1.71 acre industrial-zoned property at 1357 Ball Road comprising two large multi-tenanted steel frame warehouses with ample yard space and parking. Building A is 14,800 sq feet and building B (built 2017) is 10,080 sq ft, 7 tenants in total, all on longterm leases. Natural gas and ample power to each building, municipal water supply and septic waste. Larger lot of a 2 lot strata plan. Located in a commercial/industrial node 5 minutes drive from the Trans Canada Highway at Fisher Road in the rapidly developing Cowichan area. Cap rate is 5.66% on current income. Financial information provided to qualified purchasers with signed confidentiality agreement. Please do not disturb tenants.

Asking price: $4,950,000.    NOW: $4,800,000   

Cap rate is 5.61% on current income, with some rent escalations to come.

Potential to purchase this offering as a share sale.