uptown business park · uptown business park unit 5 - 601 boleskine road, saanich, bc elizabeth j....
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OPPORTUNITY TO ACQUIRE A 11,568 SF, 100% LEASED STRATA WAREHOUSE/OFFICE FACILITY
BART VANSTAALDUINENPersonal Real Estate CorporationVice President604 640 [email protected]
VA
NC
OU
VE
R
VIC
TOR
IA
INVESTMENT OPPORTUNITY
UPTOWN BUSINESS PARKUNIT 5 - 601 BOLESKINE ROAD, SAANICH, BC
ELIZABETH J. MEARSAssociateCommercial Sales & Leasing250 410 [email protected]
TIM SOMMERPersonal Real Estate CorporationSenior Vice PresidentInvestment Sales, Capital Markets Group250 410 [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
• Within walking distance of the Uptown Shopping Centre and close to Mayfair Mall
• Located in the well-established Uptown retail / commercial / industrial area of Saanich, near the Victoria border and north of its Downtown Core
INVESTMENT HIGHLIGHTS
• Opportunity to purchase an 11,568 sf, fundamentally sound commercial strata unit within an established business park location
• 100% leased by a strong national covenant (EMCO Corporation)
• 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
• Signifi cant renovations in 2011-2012 including interior/exterior refurbishment, resurface/upgrade of the adjacent parking lot, and bringing the entire facility up to building and fi re codes
SALIENT DETAILSPID 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 & Offi ce
TENANT EMCO Corporation
EXPIRY May 31, 2022
ANNUAL RENT $127,248.00 per annum
LISTING PRICE $2,400,000
OPPORTUNITYCushman & Wakefi eld 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 fi nancial service amenities. Mayfair Mall is currently undergoing a $725M, 100,000 sf expansion.
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 & Wakefi eld ULC 08/18 no
OFFICE ADDRESS: Suite 700 - 700 West Georgia Street, PO Box 10023, Pacifi c Centre, Vancouver, BC V7Y 1A1
OFFICE ADDRESS: Suite 340 - 730 View Street, Victoria, BC V8W 3Y7 cushmanwakefi eld.ca
INVESTMENT OPPORTUNITY
UPTOWN BUSINESS PARKUNIT 5 - 601 BOLESKINE ROAD, SAANICH, BC
OFFERING PROCESSAll inquiries or communications including requests for additional information should be directed to C&W.
All proponents are required to complete, sign and return to C&W a Confi dentiality Agreement to be registered to receive subsequent information regarding the off ering, and gain access to the due diligence data room.
BART VANSTAALDUINENPersonal Real Estate CorporationVice President604 640 [email protected]
VA
NC
OU
VE
R
VIC
TOR
IA ELIZABETH J. MEARSAssociateCommercial Sales & Leasing250 410 [email protected]
TIM SOMMERPersonal Real Estate CorporationSenior Vice PresidentInvestment Sales, Capital Markets Group250 410 [email protected]
Shoppers Drug MartRoyal Bank of CanadaMichaelsForever 21Greater Victoria Public LibraryBrowns Socialhouse
WalmartBC Liquor StoreSizzling TandoorPet SmartBest BuyWhole Foods
UPTOWN SHOPPING CENTRE
RW&COAmerican Eagle Outfi ttersHouse of KnivesBath & BodyworksRootsHudson Bay
MAC CosmeticsGAPPaylessThyme MaternityToys “R” UsAldo
MAYFAIR SHOPPING CENTRE*
*Currently undergoing a $725M, 100,000 sf expansion
FINANCINGThere is presently a fi rst 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.
Save-On FoodsBoston Pizza
TD BankStarbucksPurolator
First Choice Haircutters
SAANICH PLAZA