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2323 Millstream Rd, La Bear Mountain, British Columbia

$3,700,000Active

2323 Millstream Rd, La Bear Mountain, British Columbia V9B 3R3
Macdonald Realty Victoria - MLS® ID: 384145

Property Details

2323 Millstream Rd, La Bear Mountain, British Columbia V9B 3R3 - With surrounding neighborhoods that include the Bear Mountain Resort, major regional shopping centers and a multitude of new residential developments, this compelling commercial real estate investment represents an attractive, stable income for years to come. The property is being offered as a Sale Lease Back opportunity, whereby the current owners are willing to enter into long-term leases for the existing 3 lease spaces, generating a NOI of $220,000 for a Cap. Rate of 6.0%, based on the current asking price. Significant capital improvements have been done to the property including over $1.4M spent on recent upgrades.

Amenities

  • PostalV9B 3R3
  • SQFT9678
  • StatusCurrent
  • Purchase TypeActive
  • Property typeCommercial
  • Lot size41964
  • Parking51
  • Tax amount$56,632.00
  • Tax year2016
  • Office ID292
  • MLS® ID384145

Broker: Macdonald Realty Victoria

Listing Courtesy of Macdonald Realty Victoria

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