INVESTMENT OPPORTUNITY
UPTOWN BUSINESS PARK UNIT 5 - 601 BOLESKINE ROAD, SAANICH, BC
BART VANSTAALDUINEN Personal Real Estate Corporation Vice President 604 640 5871
[email protected]
VICTORIA
VANCOUVER
OPPORTUNITY TO ACQUIRE A 11,568 SF, 100% LEASED STRATA WAREHOUSE/OFFICE FACILITY
ELIZABETH J. MEARS
TIM SOMMER
Associate Commercial Sales & Leasing 250 410 3006
[email protected]
Personal Real Estate Corporation Senior Vice President Investment Sales, Capital Markets Group 250 410 3005
[email protected]
LOCATION HIGHLIGHTS •
Immediate access to Douglas Street (Trans-Canada Highway), which is a major arterial and the major commercial thoroughfare through downtown Victoria and continues across Canada
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Within walking distance of the Uptown Shopping Centre and close to Mayfair Mall
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Located in the well-established Uptown retail / commercial / industrial area of Saanich, near the Victoria border and north of its Downtown Core
OPPORTUNITY Cushman & Wakefield ULC (“C&W”) is pleased to present the opportunity to acquire a fully tenanted, 11,568 square foot strata facility located in the Uptown Business Park at 601 Boleskine Road, near the Douglas Street Corridor and adjacent to the Galloping Goose Pathway System. The unit comprises the lower level at grade with the rear parking area and is accessible via Barbon Street directly off Douglas. There is also approximately 817 square feet located on the mezzanine level, which is included in the total square footage. The Property is 100% leased to EMCO Corporation, a long-term tenant with a secure covenant, operating on the lot as a wholesale and warehousing facility providing a strong revenue stream. The strata unit is located one block east of the Trans-Canada Highway, providing excellent access to the major thoroughfare, as well as being within walking distance of the Uptown and Mayfair Mall shopping centres with an abundance of retail, restaurant and financial service amenities. Mayfair Mall is currently undergoing a $725M, 100,000 sf expansion.
INVESTMENT HIGHLIGHTS •
Opportunity to purchase an 11,568 sf, fundamentally sound commercial strata unit within an established business park location
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100% leased by a strong national covenant (EMCO Corporation)
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Exclusive access to the adjacent surface 14-stall parking lot/loading area adjacent, as well as gated underground parking with 8 dedicated stalls on the lower level
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Significant renovations in 2011-2012 including interior/exterior refurbishment, resurface/ upgrade of the adjacent parking lot, and bringing the entire facility up to building and fire codes
SALIENT DETAILS PID
029-699-503
LEGAL DESCRIPTION
Strata Lot 5 Section 7 Victoria District Plan EPS634
UNIT SIZE
11,568 SF
CEILING
18’ - 23’
LOADING
2 oversized loading doors, with 2 loading docks with levellers
ZONING
M-2DW Douglas Street West / M2 Wholesale, Warehouse & Office
TENANT
EMCO Corporation
EXPIRY
May 31, 2022
ANNUAL RENT
$127,248.00 per annum
LISTING PRICE
$2,400,000
INVESTMENT OPPORTUNITY
UPTOWN BUSINESS PARK UNIT 5 - 601 BOLESKINE ROAD, SAANICH, BC
MAYFAIR SHOPPING CENTRE* RW&CO
MAC Cosmetics
American Eagle Outfitters
GAP
House of Knives
Payless
Bath & Bodyworks
Thyme Maternity
Roots
Toys “R” Us
Hudson Bay
Aldo
*Currently undergoing a $725M, 100,000 sf expansion
UPTOWN SHOPPING CENTRE Shoppers Drug Mart
Walmart
Royal Bank of Canada
BC Liquor Store
Michaels
Sizzling Tandoor
Forever 21
Pet Smart
Greater Victoria Public Library
Best Buy
SAANICH PLAZA Save-On Foods Boston Pizza TD Bank Starbucks Purolator
Whole Foods
First Choice Haircutters
Browns Socialhouse
OFFERING PROCESS
FINANCING
All inquiries or communications including requests for additional information should be directed to C&W.
There is presently a first mortgage registered on title held by Canadian Western Bank, in the approximate amount of $1,400,000, at an interest rate of 4.39%, with monthly payments of $7,834.06, a 25-year amortization, and maturity date of December 1, 2022.
BART VANSTAALDUINEN Personal Real Estate Corporation Vice President 604 640 5871
[email protected]
OFFICE ADDRESS: Suite 700 - 700 West Georgia Street, PO Box 10023, Pacific Centre, Vancouver, BC V7Y 1A1
VICTORIA
VANCOUVER
All proponents are required to complete, sign and return to C&W a Confidentiality Agreement to be registered to receive subsequent information regarding the offering, and gain access to the due diligence data room.
ELIZABETH J. MEARS
TIM SOMMER
Associate Commercial Sales & Leasing 250 410 3006
[email protected]
Personal Real Estate Corporation Senior Vice President Investment Sales, Capital Markets Group 250 410 3005
[email protected]
OFFICE ADDRESS: Suite 340 - 730 View Street, Victoria, BC V8W 3Y7 cushmanwakefield.ca
E.&O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Cushman & Wakefield ULC 08/18 no
