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2323 Millstream Rd, Victoria

With surrounding neighborhoods that include the Bear Mountain Resort, major regional shopping centers and a multitude of new residential developments, this compelling commercial real estate investment represents an attractive, stable income for years to come. The property is being offered as a Sale Lease Back opportunity, whereby the current owners are willing to enter into long-term leases for the existing 3 lease spaces, generating a NOI of $220,000 for a Cap. Rate of 6.0%, based on the current asking price. Significant capital improvements have been done to the property including over $1.4M spent on recent upgrades. Listed by: Lynn Van De Kamp (Macdonald Realty Victoria)

$3,700,000

2323 Millstream Rd, Victoria
Type: Retail Title: Freehold ID#: 384145


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