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$ 8,260,000
Est. payment | /mo
9.05 Acres Lot
$ 8,260,000
Est. payment | /mo
9.05 Acres Lot
Key Details
Property Type Commercial
Sub Type Other, See Remarks
Listing Status Active
Purchase Type For Sale
Subdivision East Duncan
MLS® Listing ID 1046298
Lot Size 9.050 Acres
Acres 9.05
Property Sub-Type Other, See Remarks
Property Description
Diversified industrial investment offering multiple income streams and expansion upside. The property includes a 315-unit self-storage operation (287 lockers, 22 uncovered and 6 covered RV/boat spots) alongside a mix of tenanted industrial buildings and land — currently operating at high occupancy. Appraised by Cunningham & Rivard (August 2026) at a 6.75% cap rate on the stabilized listing price. Sale includes the interest in the existing 99-year land lease, expiring August 31, 2115; assets are located on Cowichan Indian Reserve No. 1. A further 5 acres of industrially zoned land may become available for expansion, subject to final Cowichan Tribes approval and additional consideration. Positioned in the Cowichan Valley just south of Duncan, roughly midway between Victoria and Nanaimo. Note: Proposed transaction must be structured as a Share Sale — contact listing agent for details. Do not approach owners or tenants, and do not access the site without prior approval. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N Yes
View Mountain view, Valley view
Attached Garage No
Garage No
Private Pool No
Others
Ownership Other, See Remarks
Virtual Tour https://buildout.com/website/1676549-sale
Listed by Coldwell Banker Oceanside Real Estate
NEARBY SCHOOL & BUSINESS
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