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190 Wallace St
Nanaimo, BC V9R 5B1
Office Property For Sale
Investment Highlights
- 14 covered parking stalls accessed at the rear of the building
- Secure parking garage and garage lighting
- DT3 - Wallace. This zone provides for residential and commercial uses with retail at the street level.
- Elevator refurbished in 2016
- The Provincial Health Authority conducted major renovations to their premises in 2022
Executive Summary
Opportunity to acquire a 15,593 square foot three-storey office building fully leased to the Provincial Government strategically located in downtown Nanaimo. The property is four blocks from Nanaimo’s waterfront and in an area which has seen numerous development projects infilling under-utilized properties with four-to-five storey residential buildings. The property is close to all amenities and major ground transportation routes, the BC Ferry Terminals and downtown float plane terminals.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,593 SF
Building Class
C
Year Built/Renovated
1975/2000
Price
$3,103,051 USD
Price Per SF
$199.00 USD
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
5,198 SF
Building FAR
2.31
Lot Size
0.16 AC
Zoning
DT3 - Wallace
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