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CABCCourtenay2931 Moray Ave
Street view, lots of parking | Image 1
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$1,100,000

2931 Moray Ave, Courtenay, BC

Real Estate

Sold

$--,---,---
$1,150,000
007
  • Key Facts
  • Description
  • Map

Key Facts

Type Industrial
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $21,850
Approx. Age 1990
MLS® Number 997340

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Investor opportunity!! 5% cap rate from 2 tenants: Rogers Communications has a small fenced in compound with a cell tower in the back right corner; Wayward Distillery occupies 95% of the property & 100% of the building. Lease for Wayward expires June 30, 2029, with one 5 year option to renew. Wayward has a retail store component right at the entry, which serves as both a tasting room & storefront. There's a 2 piece bathroom at the back of this space. They've added some nice touches such as a timber frame covered entry to the building, & 2 electric vehicle plug-ins by the front entry. Rogers is basically a permanent tenant by virtue of a Right of Way registered against the title which governs their access, right to use, & defines the rent structure being tied to CPI. The upstairs mezzanine has 2 offices & a staff lunchroom with a 2 piece bathroom. Located just off the 29th St. (South) connector, this area is mostly Light Industrial (I-2) zoned. At least 7 off-street parking spots.Show Description
MLS® Number997340
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorFencing: Full, Lighting, Low Maintenance Yard, Sign: Allowed, Storefront
GarageNo
Approx. Age1990
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNatural Gas, Other
A/C
Heating Fuel

Extras

Fixtures

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