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1500 Springhill Rd 35,000 SF Industrial Building Parksville, BC V9P 2T2 $5,660,567 USD ($161.73 USD/SF)
Investment Highlights
- Modern 35,000 sq. ft. industrial building featuring integrated showroom and manufacturing space.
- Current zoning I1 with potential for I4 rezoning to allow subdivision and increased building coverage.
- Convenient access to major Island highways supporting regional distribution and logistics.
- Constructed in 2016, offering high-quality infrastructure and current operational efficiencies.
- Opportunity to acquire both real estate and Mid Island Cabinets Ltd. as a bundled sale for business continuity.
- Located within a growing economic hub on Vancouver Island with strong industrial demand fundamentals.
Executive Summary
THIS IS A SHARE SALE FOR THE SHARES OF OCEANSIDE PACIFIC CENTER LTD. WHICH OWNS THE LAND AND BUILDINGS DESCRIBED BELOW: LOT D, PLAN EPP9445, DISTRICT LOT 103, NANOOSE LAND DISTRICT AND WOULD IDEALLY BE SOLD WITH MID ISLAND CABINETS LTD. WHICH IS A KITCHEN CABINET MANUFACTURING AND INSTALLATION BUSINESS (MLS 1034415) FOR SALE - 35000 Sq Ft Building demised into a 5,000 sq ft showroom and a 30,000 Sq ft manufacturing plant. This building was constructed in 2016 and is in new condition. The current owners would like to retire and will consider selling the business and land and buildings seperately, but would like to sell it all together. Currently zoned I1, but there is recent precedent to re-zone to I4 allowing sub-division and doubling the allowable building foot print.
Property Facts
| Price | $5,660,567 USD | Lot Size | 5.07 AC |
| Price Per SF | $161.73 USD | Rentable Building Area | 35,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Entity Buy/Membership Interests | Year Built | 2016 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Clear Ceiling Height | 22’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Zoning | I1 - Industrial 1 Zone | ||
| Price | $5,660,567 USD |
| Price Per SF | $161.73 USD |
| Sale Type | Investment |
| Sale Condition | Entity Buy/Membership Interests |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 5.07 AC |
| Rentable Building Area | 35,000 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Tenancy | Single |
| Clear Ceiling Height | 22’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I1 - Industrial 1 Zone |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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1500 Springhill Rd
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