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2323 Millstream Rd Victoria, British Columbia V9B 3R3

9678 sqft

$3,700,000

With surrounding neighborhoods that include the Bear Mountain Resort, major regional shopping centers and a multitude of new residential developments, this compelling commercial real estate investment represents an attractive, stable income for years to come. The property is being offered as a Sale Lease Back opportunity, whereby the current owners are willing to enter into long-term leases for the existing 3 lease spaces, generating a NOI of $220,000 for a Cap. Rate of 6.0%, based on the current asking price. Significant capital improvements have been done to the property including over $1.4M spent on recent upgrades. (id:15801)

Property Details

MLS® Number 384145
Features Level Lot
Parking Space Total 51
Property Type Retail

Building

Fireplace Present No
Size Interior 9678 Sqft
Type Retail

Land

Acreage No
Size Irregular 0.96
Size Total 0.96 Ac
Size Total Text 0.96 Ac

http://www.icx.ca/PropertyDetails.aspx?PropertyId=18740739

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Lynn Van De Kamp


Macdonald Realty Victoria
755 Humboldt St
Victoria, BC V8W 1B1

(250) 388-5882
(250) 388-9636

Hans Van De Kamp

www.vicommercial.com

Macdonald Commercial R.e.serv.
1827 West 5th Avenue
Vancouver, BC V6J 1P5

(604) 736-5611
(604) 736-7976
www.macdonaldcommercial.com

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