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Oyster Bay Quay 1030 Oyster Drive Dr 13,647 SF 100% Leased Retail Building Ladysmith, BC V9G 1A1 $4,687,000 CAD ($343.45 CAD/SF) 5.70% Cap Rate
EXECUTIVE SUMMARY
Investment or owner/ occupier opportunity. Nearly new building comprising 13,647 sq. ft. of retail/ workshop space. Currently the building operates as a single lease over two floors, with separate access into retail, maintenance, or storage areas. Design and construction allow for six separate lease areas with three upper units facing the Trans Canada Highway and three lower units facing the rear parking and street access. Maneuvering and parking areas of the property are tiered to allow level entry and frontage for both the upper and lower floors of the building. The building is located on nearly 32,000 square feet of land.
Environmental Site Assessments(Stage 1 and Stage 2) were completed prior to construction of the building (2012).
Environmental Site Assessments(Stage 1 and Stage 2) were completed prior to construction of the building (2012).
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
13,647 SF
Year Built/Renovated
2012/2023
Price
$4,687,000 CAD
Price Per SF
$343.45 CAD
Cap Rate
5.70%
NOI
$267,159 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.73 AC
Zoning
Lt Industrial/ commercial - Light industrial with additional site specific uses permitted including; retail, service commercial, offices and related commercial and others.
Parking
28 Spaces (2.05 Spaces per 1,000 SF Leased)
Frontage
200’ on Trans Canada Highway
NEARBY MAJOR RETAILERS
1 of 11
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Oyster Bay Quay | 1030 Oyster Drive Dr
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