$ 4,995,000
3997 Drinkwater Rd Duncan, BC V9L 5Z6
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 4,995,000
Est. payment /mo
Active
3997 Drinkwater Rd Duncan, BC V9L 5Z6
10 Acres Lot
UPDATED:
07/30/2024 07:03 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 971930
Rental Info Unrestricted
Annual Tax Amount $1
Tax Year 2024
Lot Size 10.000 Acres
Acres 10.0
Property Description
5.87% CAP on existing income. 8.73% CAP on stabilized income. This is an opportunity to purchase 10 acres of industrial land in Duncan, BC. The Property, located at 3997 Drinkwater Road, has been improved with a fenced and secured 9,042 SF steel frame warehouse built in 2021. The majority of tenants are on month to month leases providing purchasers significant holding income as well as the flexibility to occupy as required. The Property benefits from I2 Industrial Heavy zoning which allows for a wide range of potential uses. Located 5 minutes from Highway 1, the Property provides convenient access to all of Vancouver Island’s population base.
Location
State BC
County Duncan, City Of
Area Du Cowichan Bay
Exterior
Parking On Site 1
Others
Tax ID 000-213-675
Ownership Freehold
Listed by CBRE Limited