190 Wallace St - Office FOR SALE


Nanaimo, BC V9R 5B1
$4,250,000 CAD
250-740-1060
190 Wallace St, Nanaimo, BC for Sale
$4,250,000 CAD
Office - FOR SALE
1/1
null | Request Cap Rate

190 Wallace St
Nanaimo, BC V9R 5B1


HIGHLIGHTS

  • 14 covered parking stalls accessed at the rear of the building
  • Elevator refurbished in 2016
  • Secure parking garage and garage lighting
  • The Provincial Health Authority conducted major renovations to their premises in 2022
  • DT3 - Wallace. This zone provides for residential and commercial uses with retail at the street level.

OVERVIEW

Opportunity to acquire a 15,593 square foot three-storey office building fully leased to the Provincial Government strategically located in downtown Nanaimo. The property is four blocks from Nanaimo’s waterfront and in an area which has seen numerous development projects infilling under-utilized properties with four-to-five storey residential buildings. The property is close to all amenities and major ground transportation routes, the BC Ferry Terminals and downtown float plane terminals.

FOR SALE DETAILS

PRICE

$4,250,000 CAD

PRICE/SF

$274 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,752 SF

ZONING

DT3

APN/PARCEL ID

008-788-545

ASK ABOUT THIS PROPERTY

Jason WintonColliersMore Info
250-740-1060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jason WintonColliersMore Info
250-740-1060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.