Great opportunity for an investor, or owner/user. FOR SALE: 1195 Esquimalt Road is a three story office building with secure covered parking in the heart of Esquimalt's commercial core. The building comprises 21,043 sq ft over 3 floors situated on a 12,594 sq ft lot at the prominent corner of Esquimalt Rd and Fraser St. Floors 1 and 2 are leased by a longterm provincial government tenant with 3.5 years remaining in their term. The vacant 6440 sq ft 3rd floor is fully improved office space which could be occupied by an owner user. The fully leased cap rate (at $18 psf net rent for 3rd floor) would be 6.1%. Great natural light, partially upgraded HVAC and serviced by elevator. Zoned C-3 Commercial allowing a broad range of uses including assembly and day care amongst many others. Financial information provided to qualified purchasers with signed confidentiality agreement. Please do not disturb tenants.
Property Type:
Commercial Sale
Type:
Office
Commercial Type:
Building
Year built:
1992
(Age: 33)
Lease Type:
Sale of Assets
Listing General Location:
Es Saxe Point, Esquimalt
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
12,594 sq. ft.1,170 m2
Taxes:
$65,759.82 /
2025
Building Features:
Elevator: Passenger, High Traffic Area, Parking, Transit Nearby
Electricity:
Yes
Number of Storeys:
3
Total Building Area:
21,043 sq. ft.1,955 m2
Commercial Area:
Core (excl Downtown)
Water supply:
Municipal
Sewer:
Sewer To Lot
Cooling:
HVAC
Fireplace:
No
Mountain(s)
At the corner of Esquimalt Road and Fraser Street, one block from Esquimalt City Hall
Main Level
0
Yes
No
Unrestricted
Assessed:
4106000.0
Assessment year:
2025
Jurisdiction name:
Township of Esquimalt
Legal Description:
LOT A, PLAN VIP54373, SECTION 11, ESQUIMALT LAND DISTRICT