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Office Warehouse

10803 91 Ave

10803 91 Ave, Fort St. John, BC V1J 6L3

Listing Price: $3,100,000

Cap Rate
8.00%
Gross SF
82,328
Price/Gross SF
$37.65
Lot Size
1.89 acres
Year Built
1986
Rentable SF
14,525

Investment Overview

We are pleased to present the opportunity to acquire a fully leased, light industrial property located at 10803 91 Avenue, Fort St. John, B.C. (the “Subject Property”). The Subject Property offers an attractive yield, supported by recent renewals from both existing tenants and the ability to expand improvements to further enhance value over the medium to long-term.

Investment Highlights

  • WSP Canada Inc. has recently executed a five (5) year renewal option extending their term until November 30, 2029
  • Fully occupied by international tenants operating on landlord friendly NNN leases, offering an attractive yield secured by corporate covenants
  • 14,525 SF building on a 1.89 acre site (18% site coverage), featuring a total of 10 bays
  • Property has undergone a complete exterior facade upgrade as well as a comprehensive office build-out for NEXT Compression
  • Opportunity to increase yield and value upon further build-out of improvements
  • M-1 zoning permits a variety of uses including: industrial storage yards, light manufacturing, mini-storage, oilfield sales and services, and more

Exclusively Listed By

Office Warehouse

10803 91 Ave

Listing Price: $3,100,000

Cap Rate
8.00%
Gross SF
82,328
Price/Gross SF
$37.65
Lot Size
1.89 acres
Year Built
1986
Rentable SF
14,525

Investment Highlights

  • WSP Canada Inc. has recently executed a five (5) year renewal option extending their term until November 30, 2029
  • Fully occupied by international tenants operating on landlord friendly NNN leases, offering an attractive yield secured by corporate covenants
  • 14,525 SF building on a 1.89 acre site (18% site coverage), featuring a total of 10 bays
  • Property has undergone a complete exterior facade upgrade as well as a comprehensive office build-out for NEXT Compression
  • Opportunity to increase yield and value upon further build-out of improvements
  • M-1 zoning permits a variety of uses including: industrial storage yards, light manufacturing, mini-storage, oilfield sales and services, and more

Investment Overview

We are pleased to present the opportunity to acquire a fully leased, light industrial property located at 10803 91 Avenue, Fort St. John, B.C. (the “Subject Property”). The Subject Property offers an attractive yield, supported by recent renewals from both existing tenants and the ability to expand improvements to further enhance value over the medium to long-term.

Exclusively Listed By

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