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 eighty feet of frontage along the major arterial through the expanding industrial area between the town of Ladysmith and marinas. Access to the Trans Canada Highway at a controlled intersection, via Ludlow Road approx. 325 meters from the property.
Building is only six years old, 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.
Data was last updated September 10, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$890,000
Min list price:
$129,000
Max list price:
$15,000,000
Avg days on market:
25
Min days on market:
6
Max days on market:
169
These statistics are generated based on the current listing's property type
and located in
Du Ladysmith. Average values are
derived using median calculations.