1920 Boxwood Rd 18,800 SF Industrial Building Nanaimo, BC V9S 5Y2 $8,475,000 CAD ($450.80 CAD/SF)

Positioned in the heart of Nanaimo’s Northfield Industrial District, 1920 Boxwood Road offers a rare opportunity to acquire a high-quality, fully leased industrial asset in one of Vancouver Island’s most accessible commercial hubs. This 18,800 SF tilt-up concrete building sits on a 43,720 SF lot and is professionally landscaped with a secure, gated yard. Zoned I-2, the property supports a wide range of industrial uses and is ideally located just off Bowen Road, with seamless access to both the Island Highway and the Inland Island Highway (Nanaimo Parkway).
The building features a well-appointed main floor with showroom and office space, including four private offices, a meeting room, and washroom, all fully air-conditioned and naturally lit. The warehouse portion boasts 20-foot ceiling heights, forced air heating, and three grade-level loading doors. The upper floor offers an open-plan office layout with eight private offices and two washrooms, also fully air-conditioned. Additional infrastructure includes three-phase electrical service and full sprinkler coverage.
Surrounded by major industrial and service tenants such as Purolator, Gregg Distributors, and City Electric Supply, the property benefits from strong co-tenancy and proximity to key amenities. Drive times include just 3 minutes to the Old Island Highway, 8 minutes to Downtown Nanaimo, and 12 minutes to Woodgrove Shopping Centre. With a population of over 100,000 and an average household income of $97,055, Nanaimo continues to attract investment and business growth across construction, healthcare, retail, and professional services.