Large light industrial zoned property in a highly desirable area of Esquimalt (with a portion of the property in Vic West) just minutes from downtown Victoria with convenient access to major transportation routes in and around the City. With just 35% site coverage, the property has significant development potential (approx. 20,000 SF in excess land) while providing the owner with an existing strong and stable rental income.
The property is anchored by Monk Office Supply ('Monk') who are an owner occupier. Monk will do a Seller lease back providing the Buyer with a strong cap rate / yield on the purchase. Alternatively, Monk can provide vacant possession of the Monk occupied space with reasonable notice.
Further details are available upon executing the Non Disclosure Agreement found in the Supplements.
Data was last updated January 20, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,900,000
Min list price:
$290,000
Max list price:
$13,500,000
Avg days on market:
140
Min days on market:
4
Max days on market:
217
These statistics are generated based on the current listing's property type
and located in
Esquimalt. Average values are
derived using median calculations.