Technology Centre
ROBERT LAW 250 414 8382 [email protected]
TRISTAN SPARK 250 414 8391 [email protected]
3375 WHITTIER AVENUE, VICTORIA, BC
Technology Centre
FOR SALE > Whittier TRA N
S-C
A
NAD AH IG
Contact Us
HWA Y
UPTOWN
CH
NI
A SA
AD RO
ROBERT LAW +1 250 414 8380 [email protected] TRISTAN SPARK +1 250 414 8391 [email protected]
COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 MAIN: +1 250 388 6454 FAX: +1 250 382 3564 www.collierscanada.com/victoria
T EE
TR S K OA
OAD KINE R
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).
BOLES
GL DOU A
R WHITTIE
ET TRE S S
AVENUE
FOR SALE > 3375 Whittier Avenue, Victoria, BC
Opportunity Colliers International is pleased to offer for sale Whittier Technology Centre, a two-storey mixed-use building with service commercial/ warehouse units on the ground floor and a full second floor of professional office space. This investment asset provides the opportunity to secure a 95% leased income stream in a central Victoria location, at a projected return of 7.0%.
Location The subject property is located at the north end of the 3300 block of Whittier Avenue, two doors down from Boleskine Avenue and two blocks from Uptown. This area is considered the northern hub of Greater Victoria and features near direct access to both the Trans-Canada Highway and the Pat Bay Highway. Downtown Victoria is located 3 km to the south along Douglas Street, one of the busiest north-south traffic routes in the Victoria area. The immediate area is a well-established service commercial/light industrial area with a wide variety of businesses and light industrial uses.
Property Description The subject site is generally level and rectangular in shape with a short panhandle access to Whittier Avenue. A secondary access to the south is by way of a pre-paid easement over municipal land. Total site area is ±36,799 square feet.
Improvements The subject building was constructed in 1974 and consists of a two-storey masonry structure designed for service commercial on the ground floor and air-conditioned office on the second floor. The main floor has 14’ clear ceiling height. Extensive upgades throughout.
Building Areas Main: Second: Total:
Gross Area 16,760 SF 13,900 SF 30,660 SF
Rentable Area 15,355 SF 13,788 SF 29,143 SF
Parking The balance of the site is dedicated to paved surface parking with 36 stalls on the north side of the building and 18 stalls to the south, for a total of 54 stalls, plus two loading bays.
Zoning M-1 DW - Douglas Street West Permitted uses include, but are not limited to: industry, wholesale & warehouse distribution, research, lumber & building supply yard, office, restaurant, food processing, and retail sales incidental to a permitted use.
Legal Description Lot 1, Section 7, Victoria District, Plan 27234 PID: 002-581-965
Proforma NOI Projected Proforma NOI (2015): $299,153 Projected Proforma NOI (2016): $319,805
Price Reduced Four Million, Eight Hundred and Fifty Thousand Dollars ($4,850,000.00) Four Million, Six Hundred and Fifty Thousand Dollars ($4,650,000.00)
FOR SALE > 3375 Whittier Avenue, Victoria, BC
Opportunity Colliers International is pleased to offer for sale Whittier Technology Centre, a two-storey mixed-use building with service commercial/ warehouse units on the ground floor and a full second floor of professional office space. This investment asset provides the opportunity to secure a 95% leased income stream in a central Victoria location, at a projected return of 7.0%.
Location The subject property is located at the north end of the 3300 block of Whittier Avenue, two doors down from Boleskine Avenue and two blocks from Uptown. This area is considered the northern hub of Greater Victoria and features near direct access to both the Trans-Canada Highway and the Pat Bay Highway. Downtown Victoria is located 3 km to the south along Douglas Street, one of the busiest north-south traffic routes in the Victoria area. The immediate area is a well-established service commercial/light industrial area with a wide variety of businesses and light industrial uses.
Property Description The subject site is generally level and rectangular in shape with a short panhandle access to Whittier Avenue. A secondary access to the south is by way of a pre-paid easement over municipal land. Total site area is ±36,799 square feet.
Improvements The subject building was constructed in 1974 and consists of a two-storey masonry structure designed for service commercial on the ground floor and air-conditioned office on the second floor. The main floor has 14’ clear ceiling height. Extensive upgades throughout.
Building Areas Main: Second: Total:
Gross Area 16,760 SF 13,900 SF 30,660 SF
Rentable Area 15,355 SF 13,788 SF 29,143 SF
Parking The balance of the site is dedicated to paved surface parking with 36 stalls on the north side of the building and 18 stalls to the south, for a total of 54 stalls, plus two loading bays.
Zoning M-1 DW - Douglas Street West Permitted uses include, but are not limited to: industry, wholesale & warehouse distribution, research, lumber & building supply yard, office, restaurant, food processing, and retail sales incidental to a permitted use.
Legal Description Lot 1, Section 7, Victoria District, Plan 27234 PID: 002-581-965
Proforma NOI Projected Proforma NOI (2015): $299,153 Projected Proforma NOI (2016): $319,805
Price Reduced Four Million, Eight Hundred and Fifty Thousand Dollars ($4,850,000.00) Four Million, Six Hundred and Fifty Thousand Dollars ($4,650,000.00)
ROBERT LAW 250 414 8382 [email protected]
TRISTAN SPARK 250 414 8391 [email protected]
3375 WHITTIER AVENUE, VICTORIA, BC
FOR SALE > Whittier Technology Centre TRA
NSC
ANA
DA HIG HWA Y
Contact Us UPTOWN
CH NI
ROBERT LAW +1 250 414 8380 [email protected]
AD RO
TRISTAN SPARK +1 250 414 8391 [email protected]
A SA
K OA EE
R ST
COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 MAIN: +1 250 388 6454 FAX: +1 250 382 3564 www.collierscanada.com/victoria
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AD INE RO K S E L BO
ET
UE
R AVEN
WHITTIE
TRE SS
GLA
DOU
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).
TRISTAN SPARK 250 414 8391 [email protected]
3375 WHITTIER AVENUE, VICTORIA, BC
Technology Centre
FOR SALE > Whittier TRA N
S-C
A
NAD AH IG
Contact Us
HWA Y
UPTOWN
CH
NI
A SA
AD RO
ROBERT LAW +1 250 414 8380 [email protected] TRISTAN SPARK +1 250 414 8391 [email protected]
COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 MAIN: +1 250 388 6454 FAX: +1 250 382 3564 www.collierscanada.com/victoria
T EE
TR S K OA
OAD KINE R
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).
BOLES
GL DOU A
R WHITTIE
ET TRE S S
AVENUE
FOR SALE > 3375 Whittier Avenue, Victoria, BC
Opportunity Colliers International is pleased to offer for sale Whittier Technology Centre, a two-storey mixed-use building with service commercial/ warehouse units on the ground floor and a full second floor of professional office space. This investment asset provides the opportunity to secure a 95% leased income stream in a central Victoria location, at a projected return of 7.0%.
Location The subject property is located at the north end of the 3300 block of Whittier Avenue, two doors down from Boleskine Avenue and two blocks from Uptown. This area is considered the northern hub of Greater Victoria and features near direct access to both the Trans-Canada Highway and the Pat Bay Highway. Downtown Victoria is located 3 km to the south along Douglas Street, one of the busiest north-south traffic routes in the Victoria area. The immediate area is a well-established service commercial/light industrial area with a wide variety of businesses and light industrial uses.
Property Description The subject site is generally level and rectangular in shape with a short panhandle access to Whittier Avenue. A secondary access to the south is by way of a pre-paid easement over municipal land. Total site area is ±36,799 square feet.
Improvements The subject building was constructed in 1974 and consists of a two-storey masonry structure designed for service commercial on the ground floor and air-conditioned office on the second floor. The main floor has 14’ clear ceiling height. Extensive upgades throughout.
Building Areas Main: Second: Total:
Gross Area 16,760 SF 13,900 SF 30,660 SF
Rentable Area 15,355 SF 13,788 SF 29,143 SF
Parking The balance of the site is dedicated to paved surface parking with 36 stalls on the north side of the building and 18 stalls to the south, for a total of 54 stalls, plus two loading bays.
Zoning M-1 DW - Douglas Street West Permitted uses include, but are not limited to: industry, wholesale & warehouse distribution, research, lumber & building supply yard, office, restaurant, food processing, and retail sales incidental to a permitted use.
Legal Description Lot 1, Section 7, Victoria District, Plan 27234 PID: 002-581-965
Proforma NOI Projected Proforma NOI (2015): $299,153 Projected Proforma NOI (2016): $319,805
Price Reduced Four Million, Eight Hundred and Fifty Thousand Dollars ($4,850,000.00) Four Million, Six Hundred and Fifty Thousand Dollars ($4,650,000.00)
FOR SALE > 3375 Whittier Avenue, Victoria, BC
Opportunity Colliers International is pleased to offer for sale Whittier Technology Centre, a two-storey mixed-use building with service commercial/ warehouse units on the ground floor and a full second floor of professional office space. This investment asset provides the opportunity to secure a 95% leased income stream in a central Victoria location, at a projected return of 7.0%.
Location The subject property is located at the north end of the 3300 block of Whittier Avenue, two doors down from Boleskine Avenue and two blocks from Uptown. This area is considered the northern hub of Greater Victoria and features near direct access to both the Trans-Canada Highway and the Pat Bay Highway. Downtown Victoria is located 3 km to the south along Douglas Street, one of the busiest north-south traffic routes in the Victoria area. The immediate area is a well-established service commercial/light industrial area with a wide variety of businesses and light industrial uses.
Property Description The subject site is generally level and rectangular in shape with a short panhandle access to Whittier Avenue. A secondary access to the south is by way of a pre-paid easement over municipal land. Total site area is ±36,799 square feet.
Improvements The subject building was constructed in 1974 and consists of a two-storey masonry structure designed for service commercial on the ground floor and air-conditioned office on the second floor. The main floor has 14’ clear ceiling height. Extensive upgades throughout.
Building Areas Main: Second: Total:
Gross Area 16,760 SF 13,900 SF 30,660 SF
Rentable Area 15,355 SF 13,788 SF 29,143 SF
Parking The balance of the site is dedicated to paved surface parking with 36 stalls on the north side of the building and 18 stalls to the south, for a total of 54 stalls, plus two loading bays.
Zoning M-1 DW - Douglas Street West Permitted uses include, but are not limited to: industry, wholesale & warehouse distribution, research, lumber & building supply yard, office, restaurant, food processing, and retail sales incidental to a permitted use.
Legal Description Lot 1, Section 7, Victoria District, Plan 27234 PID: 002-581-965
Proforma NOI Projected Proforma NOI (2015): $299,153 Projected Proforma NOI (2016): $319,805
Price Reduced Four Million, Eight Hundred and Fifty Thousand Dollars ($4,850,000.00) Four Million, Six Hundred and Fifty Thousand Dollars ($4,650,000.00)
ROBERT LAW 250 414 8382 [email protected]
TRISTAN SPARK 250 414 8391 [email protected]
3375 WHITTIER AVENUE, VICTORIA, BC
FOR SALE > Whittier Technology Centre TRA
NSC
ANA
DA HIG HWA Y
Contact Us UPTOWN
CH NI
ROBERT LAW +1 250 414 8380 [email protected]
AD RO
TRISTAN SPARK +1 250 414 8391 [email protected]
A SA
K OA EE
R ST
COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 MAIN: +1 250 388 6454 FAX: +1 250 382 3564 www.collierscanada.com/victoria
T
AD INE RO K S E L BO
ET
UE
R AVEN
WHITTIE
TRE SS
GLA
DOU
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).
