Build-to-suit opportunity centrally located in Terrace, BC. - 5130 Park Avenue

Terrace, BC , CA V8G 5S7

Terrace, BC
FOR LEASE NNN Property
Property Type:
Industrial
Cap Rate:
0.00%
Last Verified:
Nov 08, 2024

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Approx. 1.55 acres or +/-67,568 SF of flat, ā€œLā€ shaped land available, with the mainportion being about 300 FT x 140 FT. Access to the property is over a pan-handle right-of-way off Kalum Lake Road. Centrally located with easyaccess to Highway 16 and Highway 113. Property is zoned C3 - Service Commercial allowing for numerous commercial and accessory uses.Rates to be negotiated depending on the build to suit details.

Map of Terrace, BC , CA, V8G 5S7, CA

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.