FOR SALE | Single-Tenant Triple-Net Asset Located in Kitimat, BC

Address
157 Seventh Street, Kitimat, BC
Property Type
For Sale
Size
19,471 SF
  • Kitimat is the focal point of three of the top private investment projects in the history of Canada: LNG Canada ($40B), Coastal Gas Link ($6.6B), and the modernization/rebuild of Rio Tinto’s Smelter ($6B)

  • The Subject Property is occupied by long-term, international tenant, Wesco, who has recently expanded its premises and renewed its term for an additional 5 years

  • Stable income producing property featuring a care-free lease with scheduled rental escalations, offering considerable upside in near-term yields

  • The tenant occupies the entire building, which is comprised of three separate units, occupied by Wesco’s subsidiaries

  • As part of the recent expansion and renewal, both landlord and tenant heavily invested in fixturing and improving the premises

  • Subject Property is offered free and clear of debt, allowing investors to capitalize on attractiveness of current financing environment

  • Bare Trust in place, which can be acquired

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