Property Information:
FOR SALE: 313 McLeod Road, Union Bay. The property is in Union Bay, which is a 15-minute drive south from the city of Courtenay, and its population of 28,420. Union Bay itself is an idyllic coastal community, with a main commercial strip that fronts the ocean. The property comprises a 5,188 square foot office building occupied by First Credit Union, on a total of 2.38-acres of commercially zoned land, which has ocean views. First Credit Union plans to remain at the property on a sale leaseback basis and are flexible to how that arrangement would take shape (in terms of length of term; footprint of existing building; a new, or part of new, building being built, and then leased back to them, etc.). This provides a new owner with an existing income stream, and from a good quality, strong financial covenant, Tenant
