2323 Millstream Rd, La Bear Mountain, British Columbia
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.
Listing Courtesy of Macdonald Realty Victoria