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

Two-storey commercial/ light industrial building facing the Trans-Canada Highway at the gateway to Ladysmith, British Columbia. The building provides 13,647 sq. ft. of retail/ workshop space which can be demised to six individual units. Currently the building operates as a single lease over two floors, with separate access into retail, maintenance, or storage areas. Design and construction of the building allows for six separate lease areas. Three upper units facing the Trans Canada Highway and three lower units boarding the rear parking and street access. The building is located on nearly 32,000 square feet of land. The maneuvering and parking areas of the property are tiered to allow level entry and frontage at both the upper and lower floors of the building.
Environmental Site Assessments(Stage 1 and Stage 2) were completed prior to construction of the building (2012).