1195 Esquimalt Rd

Es Saxe Point Esquimalt V9A 3N6

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.