- ©MLS 1046298
Description
Diversified industrial investment offering multiple income streams and expansion upside. The property includes a 315-unit self-storage operation (287 lockers, 22 uncovered and 6 covered RV/boat spots) alongside a mix of tenanted industrial buildings and land — currently operating at high occupancy. Appraised by Cunningham & Rivard (August 2026) at a 6.75% cap rate on the stabilized listing price. Sale includes the interest in the existing 99-year land lease, expiring August 31, 2115; assets are located on Cowichan Indian Reserve No. 1. A further 5 acres of industrially zoned land may become available for expansion, subject to final Cowichan Tribes approval and additional consideration. Positioned in the Cowichan Valley just south of Duncan, roughly midway between Victoria and Nanaimo. Note: Proposed transaction must be structured as a Share Sale — contact listing agent for details. Do not approach owners or tenants, and do not access the site without prior approval. (id:48970) Show More
Details
- Property Type: Industrial
- Access Type: Road access
- Neighbourhood: East Duncan
- Management Company: Owner Operated
Features
- Mountain view
- Valley view
- Industrial
Location
Similar Properties
For Sale
$ 999,000
- 938301 ©MLS
- 0 Bedroom
- 0 Bathroom
For Sale
$ 2,000,000
- 1003358 ©MLS
- 0 Bedroom
- 0 Bathroom
For Sale
$ 4,500,000
- 1021530 ©MLS
- 0 Bedroom
- 0 Bathroom
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
Data provided by: Victoria Real Estate Board