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922 Island Hwy 16,760 SF 100% Leased Retail Building Campbell River, BC V9W 2C3 $3,915,000 CAD ($233.59 CAD/SF)


INVESTMENT HIGHLIGHTS
- The maximum lot coverage of all buildings and structures is 100%.
- The land immediately in front of the subject site is the Robert V. Ostler Park granting unobstructed views of Discovery Passage and Quadra Island
- The on-site parking lot is ± 11,297 square feet and is used to service the requirements of the existing tenancies
- The maximum height of a principal building is 49.21 feet (15 meters).
- The subject site is rectangular in shape, boasting ± 29,814 square feet (0.68 acres) with ± 225 feet of frontage along Island Highway
- the parking lot is accessible via the Ninth Avenue rear feeder and the Island Highway
EXECUTIVE SUMMARY
The opportunity exists to acquire this well maintained ± 16,760 square foot building located in the primary commercial corridor of Campbell River. Constructed in 1988, the subject property is home to a diverse mix of two long existing tenancies and one new tenancy, with rate escalations present.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
16,760 SF
Building Class
B
Year Built
2012
Price
$3,915,000 CAD
Price Per SF
$233.59 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Zoning
C-1 - Commercial One
Parking
16 Spaces (0.95 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
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922 Island Hwy
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