1950 blanshard street
FOR SALE/LEASE
1950 BLANSHARD STREET VICTORIA, BC
GROUND FLOOR COMMERCIAL / SECOND FLOOR OFFICE THE HEART OF VICTORIA’S NEWEST NEIGHBOURHOOD
Anne Tanner
Colleen Austin
Elizabeth Mears
Personal Real Estate Corporation Managing Director 250 410 3001 [email protected]
Sales Associate Commercial Sales & Leasing 250 410 3003 [email protected]
Sales Associate Commercial Sales & Leasing 250 410 3006 [email protected]
Suite 340 - 730 View Street / Victoria, BC V8W 3Y7 / 250 410 3000 / cushmanwakefield.com
FOR SALE/LEASE
1950 BLANSHARD STREET VICTORIA, BC
LOCATION
DAYTIME POPULATION
The Azzuro is located at 1950 Blanshard Street, between Caledonia and Discovery streets. The building provides top end exposure on Victoria’s busiest thoroughfare. The building entrance can accessed one block west, via Discovery street, with loading directly in front of the building, and parking is underground or on the street. Directly opposite the site is the Save On Foods arena where any major concert, or sports event takes place. Royal Athletic Park, Hudson Market, and Crystal Pool are all a short walk. Current neighboring businesses are industrial and commercial service, and there is a lack of resident friendly amenities in the area, creating a huge opportunity for commercial tenants located at 1950 Blanshard.
53,323
140,575 219,647
• 1515 Douglas (1): 300,000 sf of commercial space Completion 2018
140,575 (0 - 2.5 km) 219,647 (0 - 5.0 km)
OPPORTUNITY The Azzuro is the “gateway” to the downtown core. This area is gentrifying quickly, as commercial and residential development sites become increasingly unavailable in Victoria’s centre, south of this site. There are 1200 residential rental units being built in the immediate vicinity, and with residential vacancy being less than 1% these units will be fully occupied. There are a lack of amenities to serve the tenants in these new buildings, and very little inventory of commercial space on the market, making the quality commercial space at the Azzuro a great opportunity for operators to get in and serve this growing community. In addition to residential tenants in the area there will be hundreds of employees new to downtown at the offices of BCIMC at 1515 Douglas, as well as employees of other commercial tenants in that building. Coming to the neighborhood:
53,323 (0 - 1.0 km)
POPULATION PROJECTIONS RADIUS
2010 TO 2015
2015 TO 2018
2018 TO 2020
2020 TO 2025
0 - 1.0 KM
13.0%
7.7%
4.7%
10.4%
0 - 2.5 KM
3.2%
2.8%
2.1%
5.4%
0 - 5.0 KM
2.5%
2.6%
1.9%
4.8%
2015 OCCUPIED DWELLINGS OWNED
RENTED
28.8%
71.2%
2015 AVERAGE HOUSEHOLD INCOME • Hudson Mews - 780 Fisgard (2), Hudson Walk One - 755 Caledonia (3): 298 units occupied
RADIUS
INCOME
• Hudson Walk Two - Blanshard Street (4): 15 storeys, 102 units Coming 2018
0 - 1.0
$43,264
• The Wade - 1105 Pandora (5): 102 Units Coming 2018
0 - 2.5
$63,727
0 - 5.0
$75,930
FEATURES The building will be a total of 58,287 square feet, 7 total storeys, including the two floors of commercial on the bottom. There are 65 one and two bedroom units being offered at residential rental rates below the local average. Features of the building include: • Excellent signage exposure facing busy Blanshard street, one of Victoria’s two main arteries. • Full height glass windows on 3 sides of the building • Modern, attractive concrete, glass and steel façade • Bright, open floor plates • Secure underground parking • Access to two shared Nissan Rogue SUVs • Designed by renowned Lowe Hammond Rowe Architects • Most competitive rates in the city for new construction • Generous tenant improvement packages (vary depending on deal structure)
AVAILABLE SPACE Ground Floor Retail/Commercial Second Floor Office/Commercial
9,957 sf 11,087 sf
STRATA SALE PRICE Ground Floor Second Floor
$450.00 psf (shell) $350.00 psf (shell)
LEASE RATES (STARTING AT) Ground Floor Second Floor
$20.00 psf, per annum $18.00 psf, per annum
TAXES & STRATA FEES (EST. 2017) $11.50 psf, net
PARKING 27 underground secure stalls - available daytime hours 8am - 6pm $160 per month • Use of two car share vehicles based on availability • Hourly and metered city street parking
PROJECT COMPLETION DATE April 2017 (Fixturing can commence sooner)
FOR SALE/LEASE
1950 BLANSHARD STREET VICTORIA, BC
Anne Tanner
Colleen Austin
Elizabeth Mears
Personal Real Estate Corporation Managing Director 250 410 3001 [email protected]
Sales Associate Commercial Sales & Leasing 250 410 3003 [email protected]
Sales Associate Commercial Sales & Leasing 250 410 3006 [email protected]
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 Ltd. 03/16 NO
1950 BLANSHARD STREET VICTORIA, BC
GROUND FLOOR COMMERCIAL / SECOND FLOOR OFFICE THE HEART OF VICTORIA’S NEWEST NEIGHBOURHOOD
Anne Tanner
Colleen Austin
Elizabeth Mears
Personal Real Estate Corporation Managing Director 250 410 3001 [email protected]
Sales Associate Commercial Sales & Leasing 250 410 3003 [email protected]
Sales Associate Commercial Sales & Leasing 250 410 3006 [email protected]
Suite 340 - 730 View Street / Victoria, BC V8W 3Y7 / 250 410 3000 / cushmanwakefield.com
FOR SALE/LEASE
1950 BLANSHARD STREET VICTORIA, BC
LOCATION
DAYTIME POPULATION
The Azzuro is located at 1950 Blanshard Street, between Caledonia and Discovery streets. The building provides top end exposure on Victoria’s busiest thoroughfare. The building entrance can accessed one block west, via Discovery street, with loading directly in front of the building, and parking is underground or on the street. Directly opposite the site is the Save On Foods arena where any major concert, or sports event takes place. Royal Athletic Park, Hudson Market, and Crystal Pool are all a short walk. Current neighboring businesses are industrial and commercial service, and there is a lack of resident friendly amenities in the area, creating a huge opportunity for commercial tenants located at 1950 Blanshard.
53,323
140,575 219,647
• 1515 Douglas (1): 300,000 sf of commercial space Completion 2018
140,575 (0 - 2.5 km) 219,647 (0 - 5.0 km)
OPPORTUNITY The Azzuro is the “gateway” to the downtown core. This area is gentrifying quickly, as commercial and residential development sites become increasingly unavailable in Victoria’s centre, south of this site. There are 1200 residential rental units being built in the immediate vicinity, and with residential vacancy being less than 1% these units will be fully occupied. There are a lack of amenities to serve the tenants in these new buildings, and very little inventory of commercial space on the market, making the quality commercial space at the Azzuro a great opportunity for operators to get in and serve this growing community. In addition to residential tenants in the area there will be hundreds of employees new to downtown at the offices of BCIMC at 1515 Douglas, as well as employees of other commercial tenants in that building. Coming to the neighborhood:
53,323 (0 - 1.0 km)
POPULATION PROJECTIONS RADIUS
2010 TO 2015
2015 TO 2018
2018 TO 2020
2020 TO 2025
0 - 1.0 KM
13.0%
7.7%
4.7%
10.4%
0 - 2.5 KM
3.2%
2.8%
2.1%
5.4%
0 - 5.0 KM
2.5%
2.6%
1.9%
4.8%
2015 OCCUPIED DWELLINGS OWNED
RENTED
28.8%
71.2%
2015 AVERAGE HOUSEHOLD INCOME • Hudson Mews - 780 Fisgard (2), Hudson Walk One - 755 Caledonia (3): 298 units occupied
RADIUS
INCOME
• Hudson Walk Two - Blanshard Street (4): 15 storeys, 102 units Coming 2018
0 - 1.0
$43,264
• The Wade - 1105 Pandora (5): 102 Units Coming 2018
0 - 2.5
$63,727
0 - 5.0
$75,930
FEATURES The building will be a total of 58,287 square feet, 7 total storeys, including the two floors of commercial on the bottom. There are 65 one and two bedroom units being offered at residential rental rates below the local average. Features of the building include: • Excellent signage exposure facing busy Blanshard street, one of Victoria’s two main arteries. • Full height glass windows on 3 sides of the building • Modern, attractive concrete, glass and steel façade • Bright, open floor plates • Secure underground parking • Access to two shared Nissan Rogue SUVs • Designed by renowned Lowe Hammond Rowe Architects • Most competitive rates in the city for new construction • Generous tenant improvement packages (vary depending on deal structure)
AVAILABLE SPACE Ground Floor Retail/Commercial Second Floor Office/Commercial
9,957 sf 11,087 sf
STRATA SALE PRICE Ground Floor Second Floor
$450.00 psf (shell) $350.00 psf (shell)
LEASE RATES (STARTING AT) Ground Floor Second Floor
$20.00 psf, per annum $18.00 psf, per annum
TAXES & STRATA FEES (EST. 2017) $11.50 psf, net
PARKING 27 underground secure stalls - available daytime hours 8am - 6pm $160 per month • Use of two car share vehicles based on availability • Hourly and metered city street parking
PROJECT COMPLETION DATE April 2017 (Fixturing can commence sooner)
FOR SALE/LEASE
1950 BLANSHARD STREET VICTORIA, BC
Anne Tanner
Colleen Austin
Elizabeth Mears
Personal Real Estate Corporation Managing Director 250 410 3001 [email protected]
Sales Associate Commercial Sales & Leasing 250 410 3003 [email protected]
Sales Associate Commercial Sales & Leasing 250 410 3006 [email protected]
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 Ltd. 03/16 NO
