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319 Selby St 16,830 SF 100% Leased Office Building Nanaimo, BC V9R 2R4 $4,290,000 CAD ($254.90 CAD/SF) 5.30% Cap Rate
EXECUTIVE SUMMARY
The building was designed and reconstructed in 2010 as a well-designed, adaptable commercial and residential building; with quality, contemporary finishes throughout.
Reconstruction developed two upscale residential suites complete with individual garages and ocean-view rooftop patio. Design and quality finishes are evident as these are the owners' residences. Each residential unit is a complete two-bedroom, two-bathroom home. Island kitchens have high-end finishes and cabinetry. Open-plan design continues into the dining and living areas, creating an expanse of living-space.
Two separate ground-floor commercial units provide street-front visibility and access. A two level, multi-use space which was designed for the current tenant during reconstruction in 2010. The second commercial unit is a single floor, leased as offices, but can easily be adapted to other uses.
Located in the Old City Quarter with access to the downtown waterfront, restaurants, boutique retail and services.
Reconstruction developed two upscale residential suites complete with individual garages and ocean-view rooftop patio. Design and quality finishes are evident as these are the owners' residences. Each residential unit is a complete two-bedroom, two-bathroom home. Island kitchens have high-end finishes and cabinetry. Open-plan design continues into the dining and living areas, creating an expanse of living-space.
Two separate ground-floor commercial units provide street-front visibility and access. A two level, multi-use space which was designed for the current tenant during reconstruction in 2010. The second commercial unit is a single floor, leased as offices, but can easily be adapted to other uses.
Located in the Old City Quarter with access to the downtown waterfront, restaurants, boutique retail and services.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
16,830 SF
Building Class
C
Year Built
2010
Price
$4,290,000 CAD
Price Per SF
$254.90 CAD
Cap Rate
5.30%
NOI
$227,370 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,415 SF
Building FAR
1.17
Lot Size
0.33 AC
Zoning
DT-2
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Walk Score®
Walker's Paradise (94)
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319 Selby St
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