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.
Address
800 Viewfield Rd
List Price
$9,850,000
Property Type
Commercial Sale
Type of Dwelling
Industrial
Area
Esquimalt
Sub-Area
Es Old Esquimalt
Lot Size
71355 Sq. Ft.
Lot Size (Acres)
1.64 Ac.
MLS® Number
984615
Listing Brokerage
NAI Commercial (Victoria) Inc.
Postal Code
V9A 4V1
Tax Amount
$133,345.00
Tax Year
2023