32,538 ft²Office / RetailContactSale
32,538 ft²
Office / Retail
Sale
Colton Zayshley
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The Spencer Building offers 32,538 square feet of well-maintained heritage office area, currently 100% occupied with a diverse roster of five long-standing tenants including Corrections Canada, BAAS Premium Offices, and St John’s Ambulance. The Property offers a flexible rent roll to both income investors and strategic owner-user profiles, with a short-term WALT of 2.2 years and flexible lease terms offering a pathway to near term occupancy or income enhancement.
The Space
Available Space32,538 ft²
NegotiableYes
Net Operating Income$635718
Property UseOffice / Retail
SourceDirect
The Building - The Spencer Building
Constructed in 1906 with a timeless brick facade, the Spencer Building spans 4 storeys of office area on the prominent corner of Columbia Street and 6th Street, offering unencumbered waterfront views across all levels. Attractive dual frontage onto Front Street offers retail uses fronting the new Westminster Pier Park expansion, constructed as part of Bosa Development’s Pier West development. Furthermore, the Property has been well maintained, with over $400,000 of capital upgrades over the last 5 years including an elevator modernization.
Property TypeOffice / Retail
Floors6
Building Size32,538 ft²
Lot Size8,502 ft²
Year Built1906
Heritage
Transit Friendly
Waterfront
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