For Sale

$1,398,000.00

141 Memorial Ave, Parksville, BC V9P 2G9

Remarks

Investment Opportunity. Downtown Parksville Professional Office Building. 100% fully occupied Building with a CAP rate of 5.6% with 3 tenants, the anchor and second tenant has signed new leases. Full Triple Net Leases, net income of $78,564/annum. Currently improved as professional office space featuring offices, reception area, staff areas and storage. Originally designed with 3 main floor units and 2 second floor units there are 5 separate power meters and 5 heat pump units (5 yrs old). Currently the main floor (Unit A) is used as one space occupied by owner and there are 2 units on second floor (Units B and C) with excellent long term tenants in place. There are 2 bathrooms on each floor. There are 7 parking stalls located at the rear of the building. Take advantage of this rare opportunity.

Property Summary

  • Annual Tax Amount: $16,099.00 (2019)
  • Lot Frontage: 4356 Square Feet
  • Lot Size: 4356 Square Feet
  • Floor Space (approx): 5748 Square Feet
  • Built in: 1975
  • Zoning: C-3

Property Features:

  • Association Amenities:
    Common Area , Meeting Room
  • Building Features:
    Kitchen/Staff Room , Parking
  • Construction Materials:
    Brick & Siding
  • Cooling:
    HVAC
  • Flooring:
    Carpet , Tile
  • Heating:
    Heat Pump
  • Lot Features:
    Central Location , Easy Access
  • Ownership:
    Freehold
  • Parking Features:
    On Site
  • Pets Allowed:
    Yes
  • Road Frontage Type:
    Street
  • Water Source:
    Municipal

Office Listing: 

Kirk Walper Personal Real Estate Corporation

 
Joyce Cline

Joyce Cline

Real Estate Agent

Phone:  250.248.4321

Mobile:  250.240.5570

Fax:  250.248.3550

Royal LePage Parksville-Qualicum Beach Realty, Brokerage (Independently owned and operated)

173 W. ISLAND HWY
Parksville,  BC V9P 2H1

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