Fully leased commercial building with near 8% CAP Rate. 324 Terminal Ave is now fully leased with
its longest term tenant renewing for an additional term through 2023. Beautifully renovated
office building is in the heart of downtown Nanaimo, right beside the largest customer parkade
with stairs access to all shops & restaurants in the Commercial St corridor.
The owner purchased this building for his own use for a web development company & the
renovations were done to the highest standard by Bob Wall Contracting. It has NEW HVAC for all 3
units and is fully wired for the tech needs or any company. Out of town visitors to our clients
can walk to the building in less than 5 minutes from the seaplane. You cannot beat this location!
Since it is downtown Nanaimo, ensuring you have environmental surveys done is important. The owner
has already purchased both phase 1 & 2 environmental surveys and can provide them to interested
parties (this is an added value of over $50k)