For Sale
| 8,700 SF Building on 1.86 Acre Lot
Industrial, Development Land
Price:
$5,500,000
Keating Cross Road is a rare 1.86-acre, fully-leased industrial property located in the heart of the Keating Cross industrial node, one of the most supply constrained industrial submarkets on Vancouver Island. The site offers direct frontage on Keating Cross Road, immediate access to Highway 17, and proximity to the Victoria International Airport and Swartz Bay Ferry Terminal.
The property is presently fully tenanted, generating strong income (5.71% going-in cap rate). A long-term anchor tenant occupies the +/- 8,700 SF building and associate yard until August 2030 with two five-year renewal options. The balance of yard income is held on month-to-month lease, allowing for flexibility for an owner-occupier requiring laydown, parking, or staging area.
The Keating industrial node spans approximately 284 acres just west of Highway 17 — the spine connecting Victoria, Sidney, and the Swartz Bay ferries.
The site is within a 25-minute drive of downtown Victoria and 13 minutes from Victoria International Airport and the Pat Bay corridor. The Highway 17 / Keating Cross flyover interchange is in progress and is expected to further enhance regional access.
Surrounding tenancies include manufacturing, logistics, warehousing, technology and trades — a deep, established commercial-industrial mix with a notably tight vacancy rate.
Price:
$5,500,000
