I have sold a property at 4180 Island Hwy N in Nanaimo on Feb 29, 2024. See details here
Investment opportunity for Sale - Tenanted office/retail building featuring +/- 7,248 SF of leaseable area situated on the Island Highway in North Nanaimo. The property currently has two existing tenancies, and one small office vacancy of 1,271 SF which is currently offered for lease. The location possesses 4 civic addresses, two of which are on longer term leases and providing strong covenants. There are future increases in rental rates allowing for upside in income. Land area is 1.08 acres and provides for parking fields at both ends of the building. With 600+ feet of frontage to the Island Highway, the property has great visibility and exposure, including signage exposure. Access is directly from the Island Highway via easement with the neighbouring property which houses Nanaimo Realty. Rear access is via 101st street.