15,593 square foot three – storey office building fully leased to the Provincial Government located
at the corner of Wallace Street and Wentworth Street in downtown Nanaimo. Built in 1976, 190
Wallace Street is a three – storey wood frame commercial building with a rain screen system and
masonry block, serviced by elevator, two stairwells, and comprised of a mix of office types. Recent
extensive work has been carried out to modernize the building including: New Roof, HVAC, awnings,
exterior lighting and more. Capitalization rate is approx. 5.6% on the asking price
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