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Oyster Bay Quay 1030 Oyster Drive Dr 13,647 SF 100% Leased Retail Building Ladysmith, BC V9G 1A1 $4,687,000 CAD ($343.45 CAD/SF) 5.70% Cap Rate

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EXECUTIVE SUMMARY

Investment or owner/ occupier opportunity. Nearly new building comprising 13,647 sq. ft. of retail/ workshop space. Currently the building operates as a single lease over two floors, with separate access into retail, maintenance, or storage areas. Design and construction allow for six separate lease areas with three upper units facing the Trans Canada Highway and three lower units facing the rear parking and street access. Maneuvering and parking areas of the property are tiered to allow level entry and frontage for both the upper and lower floors of the building. The building is located on nearly 32,000 square feet of land.
Environmental Site Assessments(Stage 1 and Stage 2) were completed prior to construction of the building (2012).

Executive Summary 1030 Oyster Bay, LS - 092025

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Freestanding

Building Size

13,647 SF

Year Built/Renovated

2012/2023

Price

$4,687,000 CAD

Price Per SF

$343.45 CAD

Cap Rate

5.70%

NOI

$267,159 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.43

Lot Size

0.73 AC

Zoning

Lt Industrial/ commercial - Light industrial with additional site specific uses permitted including; retail, service commercial, offices and related commercial and others.

Parking

28 Spaces (2.05 Spaces per 1,000 SF Leased)

Frontage

200’ on Trans Canada Highway