BC > Nanaimo
Nanaimo, BC V9S 4K1,679 Terminal Ave N #102
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Nanaimo, BC V9S 4K1,679 Terminal Ave N #102
Nanaimo, BC V9S 4K1,679 Terminal Ave N #102
Nanaimo, BC V9S 4K1,679 Terminal Ave N #102
Nanaimo, BC V9S 4K1,679 Terminal Ave N #102

$587,000

Est. payment /mo

$555,000

5.8%
Est.Price: ?

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679 Terminal Ave N #102 Nanaimo, BC V9S 4K1

SOLD DATE : 02/28/2023

Key Details

Sold Price $587,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 921212

Year Built 2014

Annual Tax Amount $9,592

Tax Year 2022

Property Description

Accepted Offer In-Place. Stable, Hands-Off Investment Opportunity. 6.22% Cap Rate. The subject property is located just north of downtown along Terminal Avenue, one of the major arteries in Nanaimo, B.C. This +/- 2,077 SF strata retail unit, built in 2014, has exceptional street front exposure and is currently Tenanted by Kidz Kompany Childcare Group Ltd. The tenant has been occupying the subject location for the past seven years and has a five-year renewal commencing March 1, 2023, and expiring February 29, 2028. Financial information is available upon receipt of a completed Confidentiality Agreement (CA). See supplements.

Location

Province BC

County Nanaimo, City Of

Area Na Departure Bay

Exterior

Parking On Site 1

Building

Story 2

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John Cooper

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