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2998,2994 Boys Rd
Du West Duncan V9L 6W4

$6,250,000
Commercial Sale

Main Photo: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 1: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 2: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 3: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 4: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 5: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 6: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 7: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 8: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 9: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 10: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 11: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 12: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 13: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 14: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 15: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 16: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 17: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 18: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 19: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 20: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 21: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Photo 22: 2998,2994 Boys Rd in : Du West Duncan Industrial for sale (Duncan)  : MLS®# 872629
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
872629
2994 and 2998 Boys Rd. to be sold in combination and includes 19,000 sqft of light industrial warehouse space plus mezzanine space. 9,000 sqft plus mezzanine levels of fully leased, recently renovated building, 10,000 sqft of space presently under construction with 6,000 sqft pre-leased to a high quality single tenant. 4,000 sqft held for possible owner occupier. Alternatively, the 4,000 sqft can be leased @ $17/sqft as either one or two units. Possession and Completion upon receiving an occupancy permit from the CVRD on the 2nd building. Construction completion estimated to be between 4-6 months. Duncan has high demand for Light Industrial space with a significant shortage of supply. Conveniently located to serve southern Vancouver Island. All sizes approximate and to be verified if important to the buyer. At full occupancy the Cap Rate is approximately 5.6%.
Property Type:
Commercial Sale
Type:
Industrial
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Du West Duncan, Duncan
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.96 acre(s)
Taxes:
Building Features:
Loading Bay(s), Parking, Transit Nearby, Visual Exposure
Construction:
See Remarks
New Construction:
No
Foundation:
Concrete Perimeter
Electricity:
Yes
Ceiling Heights:
Floor finish:
Concrete
Total Building Area:
19,000 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Other
Heating:
Other
Fireplace:
No
Pending Date:
Fencing: Full, Lighting, Low Maintenance Yard, Sign: Allowed
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Duncan Rural (765)
Legal Description:
Zoning:
L-1 (Light Industrial)
Units in Building:
Units in Community:
Occupancy:
Tenant
Property Condition:
Updated/Remodeled
Utilities:
Cable Available, Electricity Available, Garbage, Natural Gas Available, Phone Available, Recycling, Underground Utilities
Lot Site Features:
Central Location, Cleared, Corner Lot, Easy Access, Landscaped, Level, Rectangular Lot, Serviced, Shopping Nearby
Parking Features:
On Site
Road Surface Type:
Paved
Total Units:
Date Listed:
Apr 14, 2021
Original Price:
6250000.0
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Listed by Coldwell Banker Oceanside Real Estate
Data was last updated July 25, 2021 at 07:30 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$2,965,000
Min list price:
$349,900
Max list price:
$6,250,000
Avg days on market:
100
Min days on market:
45
Max days on market:
566
These statistics are generated based on the current listing's property type and located in Du West Duncan. Average values are derived using median calculations.
Blaine Thurlow
Michelle Thurlow
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.