322 John St new Save Request In-Person Tour Request Virtual Tour
Victoria,BC V8T 1T3
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1005050
Rental Info Unrestricted
Annual Tax Amount $71,863
Tax Year 2024
Lot Size 0.380 Acres
Acres 0.38
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
Area Vi Rock Bay
Exterior
Parking On Site 1
Others
Pets Allowed Yes
Tax ID 028-734-181
Ownership Freehold