Office Listings

130 19TH STREET
Z2 Courtenay City COURTENAY V9N 8S1

$1,650,000
Building And Land built: 1992

Main Photo: 130 19TH STREET in COURTENAY: Z2 Courtenay City Building And Land for sale (Zone 2 - Comox Valley)  : MLS®# 454174
Photo 1: 130 19TH STREET in COURTENAY: Z2 Courtenay City Building And Land for sale (Zone 2 - Comox Valley)  : MLS®# 454174
Photo 2: 130 19TH STREET in COURTENAY: Z2 Courtenay City Building And Land for sale (Zone 2 - Comox Valley)  : MLS®# 454174
Photo 3: 130 19TH STREET in COURTENAY: Z2 Courtenay City Building And Land for sale (Zone 2 - Comox Valley)  : MLS®# 454174
Photo 4: 130 19TH STREET in COURTENAY: Z2 Courtenay City Building And Land for sale (Zone 2 - Comox Valley)  : MLS®# 454174
Photo 5: 130 19TH STREET in COURTENAY: Z2 Courtenay City Building And Land for sale (Zone 2 - Comox Valley)  : MLS®# 454174
Photo 6: 130 19TH STREET in COURTENAY: Z2 Courtenay City Building And Land for sale (Zone 2 - Comox Valley)  : MLS®# 454174
Photo 7: 130 19TH STREET in COURTENAY: Z2 Courtenay City Building And Land for sale (Zone 2 - Comox Valley)  : MLS®# 454174
Photo 8: 130 19TH STREET in COURTENAY: Z2 Courtenay City Building And Land for sale (Zone 2 - Comox Valley)  : MLS®# 454174
Status:
Active
Prop. Type:
Building And Land
MLS® Num:
454174
Bus Major:
Commercial
This is an offering of a well located, good quality office building built by the seller in 1993 and has been continuously occupied since that time. Note that the Federal Government was and is the tenant and a high standard of construction as well as building maintenance is required to keep the lease in good standing. The building itself is 7700 sqft in size with a net rentable area of about 7400 sqft of which +/- 4680sqft is occupied by Service Canada and the balance by another Federal Government agency. The building provides ample parking with multiple spots at the rear of the building as well as 5 angle parking spaces at the side of the building on 19th, these belong to the property as well. The leases in place are 2 years in length which expire at the end of July this year, The Service Canada lease has already been negotiated and will continue for a further 2 years until the end of July 2021, the other lease will not continue so this space will be vacant as of August 1st this year (and available for showings after this point). The lease is a gross lease (the Lessor pays for all expenses including utilities and janitorial services; however, cost escalators are in place to account for increased expenses). The Seller has made available three years of financial information in order for a Buyer to calculate a reliable 3net rental rate, these records are indicating a cap rate in excess of 6.5%. All of this information is available to qualified buyers upon receipt of a signed Disclosure Statement. Excellent holding property just steps from the Courtenay Riverwalk and easy access to all of the city's amenities.
Year Built:
1992
Lot Size:
0.4 acre(s)
Property Type:
Building And Land
Title:
Freehold
Major Business Type:
Commercial
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Larger map options:
Listed by JAKOB CHRISTOPH* of RE/MAX Ocean Pacific Realty (CX)
Data was last updated July 19, 2019 at 07:10 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$1,029,500
Min list price:
$307,500
Max list price:
$2,998,000
Avg days on market:
186
Min days on market:
13
Max days on market:
652
Avg price per sq.ft.:
$240.92
These statistics are generated based on the current listing's property type and located in Zone 2 - Comox Valley. Average values are derived using median calculations.