This is an offering of a well located, good quality office building built by the seller in 1993 and has been continuously occupied since that time. Note that the Federal Government, was and is, the tenant and a high standard of construction as well as building maintenance is required to keep the lease in good standing. The building itself is 7700 sq ft in size with a net rent-able area of about 7400 sq ft of which +/- 4680 sq ft is occupied by Service Canada and the balance by another Federal Government agency. The Seller has made available three years of financial information in order for a Buyer to calculate a reliable 3net rental rate, these records are indicating a cap rate in excess of 6.5%. All of this information is available to qualified buyers upon receipt of a signed Disclosure Statement. Excellent holding property just steps from the Courtenay Riverwalk and easy access to all of the city's amenities.
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