Exceptionally well-located investment property, in the heart of the Rock Bay Industrial District. 322 John Street is a versatile 10,465 SF building on a 16,765 SF secured lot with lots of parking. Centrally located with excellent vehicular access to Greater Victoria and all major highways. The current owners have taken great care of the building. There is a long term, Class AAA tenant in place by the name of Westburne Electric, owned by parent company Rexel Canada since 1926. Westburne is a nationwide leader in lighting and energy solutions. The tenant is currently paying “below market” rents, which gives an in-coming investor a great opportunity to increase the revenue on the building by 25% within the next two (2) years. The opportunity is to purchase an exceptionally well-located and cared-for industrial warehouse in the heart of midtown Victoria, with a solid Class AAA tenant in place and the bonus of being able to roll up rents by approximately 25% within the next two (2) years. (id:24212)
- Full Address:
- 322 John Street, Victoria, British Columbia
- Price:
- $ 4,475,000
- MLS Number:
- 1005050
- List Date:
- July 3rd, 2025
- Neighbourhood:
- Rock Bay
- Building Size:
- 10465 sq.ft.
- Lot Size:
- 16684 ac
- Taxes:
- $ 71,864
- Ownership Type:
- Freehold
Property Specifications
Interior Features
- Building Size:
- 10465 sq.ft.
- Zoning:
- Unknown
Building Features
Floors
- Lot Size:
- 16684 ac
Land
Neighbourhood Features
Ratings
Commercial Info
Location
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Agent: Anne TannerBrokerage: Royal LePage Coast Capital - Chatterton
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