Bought with Myles McCullough eXp Realty
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679 Terminal Ave #102 Nanaimo, BC V9S 4K1
2,077 SqFt
Key Details
Sold Price -
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,077 sqft
MLS Listing ID 921212
Sold Date -
HOA Y/N No
Year Built 2014
Annual Tax Amount $9,592
Tax Year 2022
Property Sub-Type Retail
Property Description
Accepted Offer In-Place. Stable, Hands-Off Investment Opportunity. 6.22% Cap Rate. The subject property is located just north of downtown along Terminal Avenue, one of the major arteries in Nanaimo, B.C. This +/- 2,077 SF strata retail unit, built in 2014, has exceptional street front exposure and is currently Tenanted by Kidz Kompany Childcare Group Ltd. The tenant has been occupying the subject location for the past seven years and has a five-year renewal commencing March 1, 2023, and expiring February 29, 2028. Financial information is available upon receipt of a completed Confidentiality Agreement (CA). See supplements.
Location
Province BC
County Nanaimo, City Of
Community Na Departure Bay
Area Nanaimo
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold/Strata
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”