322 John St, Victoria, BC V8T 1T3
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322 John St, Victoria, BC V8T 1T3
322 John St, Victoria, BC V8T 1T3
322 John St, Victoria, BC V8T 1T3
322 John St, Victoria, BC V8T 1T3
Listing by Anne Tanner Royal LePage Coast Capital - Chatterton
Bought with Amanda Neal AY Victoria Realty Ltd.

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322 John St Victoria, BC V8T 1T3

10,465 SqFt

Key Details

Sold Price -

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 10,465 sqft

MLS Listing ID 1005050

Annual Tax Amount $71,863

Tax Year 2024

Lot Size 0.380 Acres

Property Sub-Type Industrial

Property Description

Exceptionally well-located investment property, in the heart of the Rock Bay Industrial District. 322 John Street is a versatile 10,465 SF building on a 16,765 SF secured lot with lots of parking. Centrally located with excellent vehicular access to Greater Victoria and all major highways. The current owners have taken great care of the building. There is a long term, Class AAA tenant in place by the name of Westburne Electric, owned by parent company Rexel Canada since 1926. Westburne is a nationwide leader in lighting and energy solutions. The tenant is currently paying “below market” rents, which gives an in-coming investor a great opportunity to increase the revenue on the building by 25% within the next two (2) years. The opportunity is to purchase an exceptionally well-located and cared-for industrial warehouse in the heart of midtown Victoria, with a solid Class AAA tenant in place and the bonus of being able to roll up rents by approximately 25% within the next two (2) years.

Location

Province BC

County Capital Regional District

Community Vi Rock Bay

Area Victoria

Exterior

Parking Features On Site

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