Investor opportunity!! 5% cap rate from 2 tenants: Rogers Communications has a small fenced in compound with a cell tower in the back right corner; Wayward Distillery occupies 95% of the property & 100% of the building. Lease for Wayward expires June 30, 2029, with one 5 year option to renew. Wayward has a retail store component right at the entry, which serves as both a tasting room & storefront. There's a 2 piece bathroom at the back of this space. They've added some nice touches such as a timber frame covered entry to the building, & 2 electric vehicle plug-ins by the front entry. Rogers is basically a permanent tenant by virtue of a Right of Way registered against the title which governs their access, right to use, & defines the rent structure being tied to CPI. The upstairs mezzanine has 2 offices & a staff lunchroom with a 2 piece bathroom. Located just off the 29th St. (South) connector, this area is mostly Light Industrial (I-2) zoned. At least 7 off-street parking spots. (id:4069)
Address
2931 Moray Ave
List Price
$1,150,000
Property Type
Industrial
Area
British Columbia
Sub-Area
Courtenay
Lot Size
19374 Ac.
Year Built
1990
MLS® Number
997340
Listing Brokerage
Royal LePage-Comox Valley (CV)
Postal Code
V9N7S7
Zoning
Light Industrial I-2
Features
Central location, Other, Rectangular
