$10,375,000
$11,499,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
910 Devonshire Rd Esquimalt, BC V9A 4T8
2.01 Acres Lot
Key Details
Sold Price $10,375,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 828196
Sold Date 04/07/20
Annual Tax Amount $164,370
Tax Year 2019
Lot Size 2.010 Acres
Acres 2.01
Property Description
Opportunity to acquire a fully-leased industrial investment property located within an established industrial park, just minutes west of downtown Victoria and to the east of the naval and shipbuilding harbour in Esquimalt, BC. The 40,635 square foot warehouse and office facility were constructed in 2008 and is located on a 2-acre land parcel with access from two arterial roads. Babcock Canada Inc. and Victoria Shipyards Co. have been long-term tenants of the building. Babcock recently took over the lease for the full premises, but Victoria Shipyards continues to occupy approximately 8,499 square feet. The proximity of the property to DND is of great value and benefit to operations. The property generates nearly 600,000 in annual income and the Tenant has recently completed several upgrades to the building. Note that there are two PIDs related to this sale: PID 001-515-845 and PID 004-964-136.
Location
Province BC
County Capital Regional District
Area Es Esquimalt
Zoning I-1
Exterior
Parking On Site 1
Others
Tax ID 001-515-845
Ownership Freehold
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Bought with Fraser Valley Real Estate Board