Opportunity to acquire an industrial investment property leased to a national tenant. The property was constructed for its current use of a warehouse with retail sales. The location provides good visibility with 80 feet of frontage along the major arterial through the expanding industrial area between the town of Ladysmith and marinas.
Excellent access to the Trans Canada Highway at a controlled intersection, via Ludlow Road approximately 325 meters from the property.
The building is only six years old and was purpose-built for the current use of warehouse and sales. The building design provides 4,400 sq ft of ground floor space and 660 sq ft of mezzanine/ office area. The design allows for a wide range of uses with an open floor plan under full-span beams. Ground floor access is through double-wide front (customer) doors, warehouse access through both grade-height and dock-height doors.
The tenant has four years remaining in the current lease term, with rent escalations.