351 DOMINION STREET, Prince George | $1,650,000

Just Reduced! Seller looking for a quick sale before June 25th 2024 due to new capital gains legislation. Fantastic office building with a premium Tenant in the heart of downtown Prince George. This centrally located building is across the street from the UNBC Wood Innovation Research Lab and one block from the Ramada hotel. This building has been L&M Engineering's home for many years and they are ready to sign a new 5 year lease (plus additional 5 year option) with a new building owner. Main floor is roughly 6200 sq ft while the basement is around 5200 sq ft. This building is being sold at a 7.4% cap rate so you can see a great return on your investment. Seller is open to an asset or share sale! Buyer will benefit by way of an approximately $500k capital loss held in the company which can be used for future write downs. * PREC - Personal Real Estate Corporation

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Description

Just Reduced! Seller looking for a quick sale before June 25th 2024 due to new capital gains legislation. Fantastic office building with a premium Tenant in the heart of downtown Prince George. This centrally located building is across the street from the UNBC Wood Innovation Research Lab and one block from the Ramada hotel. This building has been L&M Engineering's home for many years and they are ready to sign a new 5 year lease (plus additional 5 year option) with a new building owner. Main floor is roughly 6200 sq ft while the basement is around 5200 sq ft. This building is being sold at a 7.4% cap rate so you can see a great return on your investment. Seller is open to an asset or share sale! Buyer will benefit by way of an approximately $500k capital loss held in the company which can be used for future write downs. * PREC - Personal Real Estate Corporation

General Info

MLS Listing ID: C8055551 Bedrooms: 0 Bathrooms: 0 Year Built: 1959
Parking: N/A Heating: N/A Lotsize: 0.15 ac Air Conditioning : N/A
Home Style: N/A Finished Floor Area: N/A Fireplaces: Security system Basement: N/A

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .