PROPERTY DESCRIPTION

Land size: 3.32 Acres (2.74 Acres + .58 Acres);

Zoning: M-1;

Frontage: 388 ft on Highway 16 E;

3 Buildings:

• Building 1: Reception, Offices, Shop with 24 ft ceiling, approx. 8000 sf,
• Second floor, offices, Storage, Suite;
• Building 2: Office Building: (old Lakelse Air offices) approx. 3584 sf.
• Main: Reception, Offices sf. main office, plus
• Basement: 3 bedroom suite
• Building 3 -Warehouse/Storage, insulated, approx. 3600 sf.

CURRENT LEASES

• Wajax (4507 sf.) 3 year term from Dec. 1, 2019 to Nov. 30, 2022 - $55,000/Year NNN
• Northern Crane (4993 sf.) 5 year term from Nov. 1, 2019 to Oct. 31, 2024 NNN $60,000/Year.
• Lakelse Air Offices: Available

ABOUT TERRACE

Terrace, the largest city in the Northwestern B.C, and now considered to be Canada’s new “Energy Hub”, is the service and supply centre for the Region, servicing approximately 80,000 people.

With affordable housing, picturesque settings, outstanding amenities and a quality of life that is hard to beat, Terrace is positioned to grow steadily as the region develops. The BC Government has recently confirmed funding for the construction of a new, state of the art, Regional Hospital in Terrace.

With the continuing development of the new 1100-acre industrial park, located near the Terrace Regional Airport, numerous opportunities for employment is expected to bring many more families to the region.

Terrace is the place to invest, both short and long term.