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$ 2,500,000
Est. payment /mo
New
2061 Malaview Ave W Sidney, BC V8L5X6
UPDATED:
Key Details
Property Type Commercial
Sub Type Strata
Listing Status Active
Purchase Type For Sale
Subdivision Sidney South-West
MLS® Listing ID 1002773
Property Sub-Type Strata
Source Victoria Real Estate Board
Property Description
A great opportunity to acquire three industrial strata units at 2061 Malaview Ave W. At our new pricing, the property achieves a 5% Cap. These three units represent 50% of the total units in the complex and a 66% interest in the entire strata property. The three units are well cared for and fully leased to long-term tenants. The entire strata property sits on nearly 30,000 sq ft of land in the West Side Industrial Area, which provides easy access to BC Ferries, the International Airport, Sidney and Victoria. The units have approximately 10,685 sq ft of interior space and 30 combined designated parking spaces for the three units, and the complex is easily accessible via Malaview Ave W. and a rear laneway. Each unit has grade-level Bay doors (12ft & 14ft) and full-height mezzanines, allowing the spaces to accommodate a wide variety of businesses under the M1 zoning. The Leases are all leased under market and the property has a significant upside on renewals. The property is easy to view. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 30
Private Pool No
Others
Ownership Strata
Listed by Pemberton Holmes Ltd.
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