157 7TH STREET, MLS # C8034590, Kitimat Industrial For Sale

157 7TH STREET, Kitimat, British Columbia, Canada, V8C2C4

$2,750,000.00

PROPERTY INFORMATION

Business Type:
Industrial
Property Type:
Industrial
Industrial Area:
0
Total Size:
19471 Sq Ft
Age:
1973
Financial Statement:
No
Freestanding:
No

Remarks

The Subject Property is improved with a single-tenant, triple-net industrial investment property secured by Wesco Distribution Canada LP (Wesco), a subsidiary of international conglomerate, and Fortune 500 company, Wesco International Inc. Kitimat's economy benefits from being the gateway to a resource-rich region, and is home to LNG Canada, the largest private-sector investment in Canadian History, in addition to multiple other LNG, and accompanying pipeline projects, acting as the primary export terminal between North America and Asia. Stable income-producing property featuring a care-free lease with scheduled rental escalations, offering considerable upside in near-term yields. Subject Property is offered free and clear of debt, allowing investors to capitalize on attractiveness of current financing environment. The tenant occupies the entire building, which is comprised of three separate units, occupied by Wesco's subsidiaries. Bare Trust in place, which can be acquired.

Brokered By: Marcus & Millichap