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3088 Gibbins Rd
Duncan, BC V9L 1E8

$3,490,000

Listing Details

  • $3,490,000
  • MLS# 1025353
  • Type Commercial - Office
  • Status Active
  • 0.950 acres
    Lot Size

Listed By

Agency Name: Royal LePage Duncan Realty
Agency Phone: 250-746-6621

Shown By

Agency Title: DFH Real Estate LTD
Agency Phone: 250-477-7291

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Home Value Estimate


Description

Here is an excellent opportunity for a long term, cashflow investor. This 7,253 sq' building has been occupied by the Vancouver Island Health Authority since 1988 and has a new 5 year term starting in September 2026. At that point the property will produce a 5.5% cap at the asking price. The building and property are in excellent shape with many upgrades having been completed. A partial list includes, complete remodel of the interior, new paved parking area, heat pumps repaired or replaced (as needed), all lighting replaced with LED etc. This 41,580 sq' property represents one of the best investment opportunities in the increasingly popular...read more

Features

  • Property Type: Commercial - Office
  • Building Features: Leasehold Improvements, Parking, Transit Nearby
  • Cooling: Air Conditioning
  • Days on Site: 61
  • Exterior: Frame Wood, Insulation All, Vinyl Siding
  • Exterior Features: Fencing: Partial, Security System, Sign: Allowed
  • Flooring: Mixed
  • Heating: Heat Pump
  • Lot Description: Easy Access, Landscaped, Level, Rectangular Lot, Serviced
  • Lot Dimensions: 132x315
  • Lot Size: 0.95 Acres
  • Parcel#: 006410481
  • Parking: On Site
  • Parking Notes: On Site
  • Road Surface: Paved
  • Security: yes
  • Sewer: Sewer Connected
  • Taxes: $16,686
  • Units: 1
  • Units in Community: 1
  • Water: Municipal

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