40,635 sq. ft. rentable area on 87,415 sq. ft. site
Devencore Realty Victoria Ltd. is pleased to present an opportunity to acquire a fully-leased industrial investment property located within an established industrial park, just minutes west of downtown Victoria and to the east of the naval and shipbuilding harbour in Esquimalt, BC. The 40,635 square foot warehouse and office facility were constructed in 2008 and is located on a 2-acre land parcel with access from two arterial roads.
Babcock Canada Inc. and Victoria Shipyards Co. have been long-term tenants of the building. Babcock recently took over the lease for the full premises, but Victoria Shipyards continues to occupy approximately 8,499 square feet. The proximity of the property to DND is of great value and benefit to operations. The property generates nearly 600,000 in annual income and the Tenant has recently completed several upgrades to the building.
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