Dover Pointe
Nanaimo, British Columbia
Building
Stats
- Property Type Retail - Neighborhood Center
- Year built 2005
- Building size (SF) 75,588
- Size (Ac) 6.23
- Price $1 CAD
Overview
- Outstanding location in North Nanaimo’s retail hub with direct access from Island Highway North and 750 feet of highway frontage
- Fully leased to several national brand tenants on long-term leases with contractual rent growth - $14. million of assumable financing with four years of term remaining at 4.80% - Significant ongoing and proposed residential development in surrounding neighbourhoods - Opportunity to add a prominent retail pad on western parcel to increase traffic and property revenue - Long-term redevelopment potential as the 6.2-acre property is designated Secondary Urban Centre in the Nanaimo OCP, which permits low- and mid-rise residential development
Zoom