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1980 Schoolhouse Rd
Na Cedar Nanaimo V9X 1T4

$14,750,000 /mth
Commercial Sale

Main Photo: 1980 Schoolhouse Rd in Nanaimo: Na Cedar Warehouse for sale : MLS®# 879333
Photo 1: 1980 Schoolhouse Rd in Nanaimo: Na Cedar Warehouse for sale : MLS®# 879333
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Status:
Sold
Sold Date:
May 11, 2022
Sold Price:
$14,750,000 /mth
Sold in:
323 days
Prop. Type:
Commercial Sale
MLS® Num:
879333
Situated south of Nanaimo on the Trans Canada Highway, Vancouver Island Self-Storage is an excellent cashflow opportunity with initial building phase complete, currently generating revenue with huge additional potential. Only half of the usable land has been developed, leaving several acres for future expansion or for commercial or industrial tenants (prospects already in line). The self-storage facility is designed to maximize profits and reduce costs, with a full fire suppression system, and no unnecessary indoor hallways, maximizing space with a unit mix that caters to home movers and families that live in condos. Both small and large clientele will also be able to take advantage of indoor and outdoor options. Current capacity is 186 indoor units with 24hr smart phone access, heating/security and high ceilings. Outdoor rental space layout and quantity is variable to maximize profit and match seasonal demand. This is an investment that allows one to profit on autopilot.
Property Type:
Commercial Sale
Type:
Warehouse
Commercial Type:
Building, Land
Lease Type:
Sale of Assets, Sale of Contract, Sale Of Shares, Sale Price
Listing General Location:
Na Cedar, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
12.9 acre(s)
Taxes:
$31,922.65 / 2021
Building Features:
Fire Alarm, Fire Sprinklers, High Traffic Area, Loading Bay(s), Parking, Security System, Storage Room
Electricity:
Yes
Number of Storeys:
1
Total Building Area:
30,624 sq. ft.
Total Potential Area:
22,300 sq. ft.
Leasable Area:
15,962 sq. ft.
Commercial Area:
Other
Water supply:
Well: Drilled
Heating:
Radiant Floor
Fireplace:
No
Pending Date:
May 02, 2022
Date Sold:
May 11, 2022
Electric, Fixtures, Parking, Real Estate, Supplies
Fencing: Full, Lighting, Low Maintenance Yard, Security System
South of Nanaimo core. East side of Trans Canada Highway between Harold Road and Fielding Road.
Main Level
0
Yes
No
Unrestricted
Assessed:
2609300.0
Assessment year:
2021
Jurisdiction name:
Nanaimo Rural (768)
Legal Description:
Lot A, Plan VIP83828, Section 13, Range 7, Cranberry Land District
Zoning:
BL 500, CD33, Z
Legal Non-Conformance:
No
Units in Community:
3
Other Equipment:
Security System
Occupancy:
Tenant
Utilities:
Electricity Connected
Lot Site Features:
Acreage, Central Location, Easy Access, Irregular Lot, Landscaped, Level, Rectangular Lot, Serviced, See Remarks
Parking Features:
On Site
Road Frontage Type:
Highway, Street
Road Surface Type:
Paved
Business Name:
VANCOUVER ISLAND SELF STORAGE INC., INC.NO. BC1155639
Business Type:
Industrial, Other
Total Units:
186
Date Listed:
Jun 22, 2021
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Listed by Sotheby's International Realty Canada and Sotheby's International Realty Canada (Vic2), sold on May, 2022
Data was last updated March 28, 2024 at 08:05 AM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.