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Prince George,BC V2L1T6
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,409 sqft
Price per Sqft $144
MLS Listing ID C8055551
Originating Board BC Northern Real Estate Board
Year Built 1959
Lot Size 6,534 Sqft
Acres 6534.0
Property Description
Just Reduced! Seller looking for a quick sale before June 25th 2024 due to new capital gains legislation. Fantastic office building with a premium Tenant in the heart of downtown Prince George. This centrally located building is across the street from the UNBC Wood Innovation Research Lab and one block from the Ramada hotel. This building has been L&M Engineering's home for many years and they are ready to sign a new 5 year lease (plus additional 5 year option) with a new building owner. Main floor is roughly 6200 sq ft while the basement is around 5200 sq ft. This building is being sold at a 7.4% cap rate so you can see a great return on your investment. Seller is open to an asset or share sale! Buyer will benefit by way of an approximately $500k capital loss held in the company which can be used for future write downs. * PREC - Personal Real Estate Corporation (id:24570)
Location
Province BC
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No