30 Front Street 30 Front St 9,760 SF 100% Leased Office Building Nanaimo, BC V9R 5H7 $1,600,000 CAD ($163.93 CAD/SF) 7.50% Cap Rate

30 Front Street is an iconic office building located along the waterfront centre of Nanaimo, offering captivating ocean views. Facing the iconic century old courthouse, this building remains as a long-standing home for lawyers and related professionals. This historic building has been known by the name of the prestigious firms who have tenanted the building.The building provides 9,760 square feet of office area spread across 3 ½ floors, Street front provides two levels, with two additional floors below the street following the slope of land towards the water. Both lower levels have east-facing windows. The walkout lower floor has patio-doors.
This is an ideal investment property for an owner who can benefit from upside demising and modernizing of the interior to gain full market lease rates. Alternatively, an Owner/ Occupier gains increasing value of revitalization of the downtown area and potential lease income.