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Vacant-User

157 7 Street

157 Seventh St, Kitimat, BC V8C 2C4

Listing Price: $2,750,000

Cap Rate
7.02%
Gross SF
13,840
Rentable SF
12,700
Price/Gross SF
$198.70
Lot Size
0.45 acres
Year Built
1973

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 157 7th Street, Kitimat, British Columbia (the “Subject Property”). The Subject Property is improved with a single-tenant, triple-net industrial investment property secured by Wesco Distribution Canada LP (Wesco), a subsidiary of an international conglomerate, and fortune 500 company, Wesco International Inc.

Investment Highlights

  • The Subject Property is occupied by long-term, international tenant, Wesco, who has recently expanded its premises and renewed its term for an additional 5 years.
  • Stable income-producing property featuring a care-free lease with scheduled rental escalations, offering considerable upside in near-term yields.
  • As part of the recent expansion and renewal, both landlord and tenant heavily invested in fixturing and improving the premises.

Exclusively Listed By

Listing Price: $2,750,000

Cap Rate
7.02%
Gross SF
13,840
Rentable SF
12,700
Price/Gross SF
$198.70
Lot Size
0.45 acres
Year Built
1973

Investment Highlights

  • The Subject Property is occupied by long-term, international tenant, Wesco, who has recently expanded its premises and renewed its term for an additional 5 years.
  • Stable income-producing property featuring a care-free lease with scheduled rental escalations, offering considerable upside in near-term yields.
  • As part of the recent expansion and renewal, both landlord and tenant heavily invested in fixturing and improving the premises.

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 157 7th Street, Kitimat, British Columbia (the “Subject Property”). The Subject Property is improved with a single-tenant, triple-net industrial investment property secured by Wesco Distribution Canada LP (Wesco), a subsidiary of an international conglomerate, and fortune 500 company, Wesco International Inc.

Exclusively Listed By

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