Sold
6461,6481 Portsmouth Rd, Nanaimo, BC
$4,105,000
0.90
Acres
About 6461,6481 Portsmouth Rd
Opportunity to acquire by share purchase, two adjacent properties that are 100% occupied by strong tenants in the Woodgrove area of North Nanaimo. Secure in place income with considerable future upside by way of renewing tenancies and the option of selling individual titles in the future. Both buildings have grade level loading doors plus a loading dock. Approximate cap rate of 5.5% on year 1 with some annual lease escalations.
Commercial Sale home for sale in Nanaimo, BC at 6461,6481 Portsmouth Rd.
Features of 6461,6481 Portsmouth Rd
| MLS® # | 953991 |
|---|---|
| Price | $4,105,000 |
| Sold Price | $4,000,000 |
| Acres | 0.90 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Closed |
Community Information: Nanaimo
| Address | 6461,6481 Portsmouth Rd |
|---|---|
| Area | Na North Nanaimo |
| City | Nanaimo |
| County | Nanaimo, City of |
| Province | BC |
| Postal Code | V9V 1A3 |
Amenities of 6461,6481 Portsmouth Rd
| Parking Spaces | 20 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior of 6461,6481 Portsmouth Rd
| Fireplace | No |
|---|
Additional Information On 6461,6481 Portsmouth Rd
| Date Listed | February 21st, 2024 |
|---|---|
| Date Sold | June 17th, 2024 |
| Days on Market | 93 |
| Zoning | CC4 |