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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