FOR SALE - Form Retail Advisors Inc
FOR SALE
FOR SALE
HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD | SAANICH, BC
HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD SAANICH, BC
D
E UC
D
E
C RI
RE
P
CURTIS LEONHARDT* 604 638 1999 [email protected] FORM RETAIL ADVISORS INC.
*Personal Real Estate Corporation
JON BUCKLEY* 604 630 0215 [email protected]
FOR SALE
HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD | SAANICH, BC
OPPORTUNITY
INVESTMENT HIGHLIGHTS
LOCATION OVERVIEW
The Vendor has retained Form Retail Advisors Inc. (the “Listing Agent”) to facilitate the sale of its 100% freehold interest in 4136 Interurban Road, Saanich, BC (the “Subject Site”). This investment opportunity features a multi-tenant neighbourhood retail strip centre situated at an exceptional location bisected by two busy thoroughfares and with limited retail competition in the area.
•
Multi-tenant neighbourhood retail strip at a prominent and highly visible location
•
Adjacent to a residential and suburban enclave with limited retail competition in the area
•
Exceptional transportation access to the community and access for throughtraffic coming to and from up-island, the peninsula and downtown Victoria
•
Land use in the immediate area is primarily single-family, with a large concentration of multi-family housing directly across the street from the Subject Site
•
Three CRU’s totalling approximately 6,060 SF of retail, medical or general office space
•
Interurban Road and Wilkinson Road connects to the Trans Canada Highway, Highway 17, and the Victoria region
•
FAST FACTS
•
Ample surface parking stalls
•
Excellent exposure along Interurban and Wilkinson Roads, with a combined exposure to approximately 25,000 VPD at the intersection
Close proximity to Camosun College Interurban Campus, which has been dramatically expanding with its new Centre for Trades Education and Innovation building and programs, and a new Health Building that is currently under construction
•
Population is characterized by a sizable proportion of retirees age 65+ (20.8% in Saanich compared with 18.3% in BC), thus catering to a more affluent population with disposable income
47,467
wa
7a
d
Broadmead Village Shopping Centre Ro a
Camosun College Interurban Campus
The new 80,000 SF Trades Eduction and Innovation building will provide access to more than 3,000 students per year.
y1
n
POPULATION (2016)
gh
so
114,148
Hi
Camosun College is home to 19,000+ students annually across two campuses.
W ilk in
4.0
%
SAANICH GROWTH RATE (2011-2016)
Royal Oak Shopping Centre
HOUSEHOLDS (2016)
$104,231
Gas Bar
AVERAGE HOUSEHOLD INCOMES
FORM RETAIL ADVISORS INC.
m
el
H
way
nada High
Trans Ca
a Ro
y 17
DRIVE FROM DOWNTOWN VICTORIA
d
en ck
d oa nR
COMMUTE FROM CAMOSUN COLLEGE
MINUTE
hwa Hig
Victoria General Hopsital
rba eru
MINUTE
Int
7 17
SUBJECT SITE
nue
zie Ave
McKen
Saanich Centre
FOR SALE
HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD | SAANICH, BC
SALIENT FACTS
PARCEL MAP
LOCATION
Situated at the intersection of Interurban Road, Wilkinson Road, and Hastings Street
39 surface parking stalls
ACCESS/EGRESS
All directional access off of Interurban Road and Hastings Street
TRAFFIC COUNTS
• • •
ZONING
C-2 General Commercial Zone
OCP LAND USE
Village Centre - Supports residential mixed-use development
OCCUPANCY
74% Occupied
TENANTS
• • •
FINANCING
Available Clear Title
STABILIZED NOI
$125,789 / Annum
ASKING SALE PRICE
$2,580,000
VPD )
PARKING
,70 0
1990
(12
YEAR BUILT
SUBJECT SITE
Roa d
6,391 SF
son
GROSS FLOOR AREA*
Gas Bar
Interurban Road: 12,594 VPD Wilkinson Road: 12,700 VPD Hastings Street: 4,723 VPD
CRU 1: 1,395 SF - Sherwood Dental CRU 2: 1,590 SF - Vacant CRU 3: 3,075 SF - Crooked Goose Bistro
Please contact Listing Agent for more information. *Prospective purchasers should confirm the area measures as part of its Due Diligence
FORM RETAIL ADVISORS INC.
Wil
kin
22,297 SF
) PD 4V
SITE AREA
,59
12
Lot 2 Plan VIP45525 Section 5 Land District 62
d(
LEGAL DESCRIPTION
oa nR
008-319-260
rb a
PID
eru
4136 Interurban Road, Saanich, BC
Int
MUNICIPAL ADDRESS
Has
ting
s St
ree t
(4,7
23
VPD
)
SALE FORFOR SALE HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD | SAANICH, BC
HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD SAANICH, BC
SUBJECT SITE
High
a Ro
Saanich
17
il
W
way
d
n
so
n ki
ay
da Highw
Trans Cana
Langford Downtown Victoria Esquimalt
Colwood
FORM RETAIL ADVISORS INC. 1280-333 SEYMOUR STREET VANCOUVER, BC V6B 5A6 T 604 638 2121 F 604 638 2122 FORM.CA FORM RETAIL ADVISORS INC.
2016 ESTIMATES
1 KM
3 KM
5 KM
SAANICH
Population
4,311
35,704
92,800
114,148
Households
1,522
13,889
40,172
47,467
Average Household Income
$100,173
$102,973
$94,053
$104,231
% Pop. Change (2011-2016)
5.8%
3.4%
2.9%
3.0%
The information contained herein has been prepared by Form Retail Advisors Inc. for advertising and general information only. Form Retail Advisors Inc. 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. Form Retail Advisors Inc. 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 communication is not intended to cause or induce breach of an existing listing agreement.
FOR SALE
HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD | SAANICH, BC
HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD SAANICH, BC
D
E UC
D
E
C RI
RE
P
CURTIS LEONHARDT* 604 638 1999 [email protected] FORM RETAIL ADVISORS INC.
*Personal Real Estate Corporation
JON BUCKLEY* 604 630 0215 [email protected]
FOR SALE
HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD | SAANICH, BC
OPPORTUNITY
INVESTMENT HIGHLIGHTS
LOCATION OVERVIEW
The Vendor has retained Form Retail Advisors Inc. (the “Listing Agent”) to facilitate the sale of its 100% freehold interest in 4136 Interurban Road, Saanich, BC (the “Subject Site”). This investment opportunity features a multi-tenant neighbourhood retail strip centre situated at an exceptional location bisected by two busy thoroughfares and with limited retail competition in the area.
•
Multi-tenant neighbourhood retail strip at a prominent and highly visible location
•
Adjacent to a residential and suburban enclave with limited retail competition in the area
•
Exceptional transportation access to the community and access for throughtraffic coming to and from up-island, the peninsula and downtown Victoria
•
Land use in the immediate area is primarily single-family, with a large concentration of multi-family housing directly across the street from the Subject Site
•
Three CRU’s totalling approximately 6,060 SF of retail, medical or general office space
•
Interurban Road and Wilkinson Road connects to the Trans Canada Highway, Highway 17, and the Victoria region
•
FAST FACTS
•
Ample surface parking stalls
•
Excellent exposure along Interurban and Wilkinson Roads, with a combined exposure to approximately 25,000 VPD at the intersection
Close proximity to Camosun College Interurban Campus, which has been dramatically expanding with its new Centre for Trades Education and Innovation building and programs, and a new Health Building that is currently under construction
•
Population is characterized by a sizable proportion of retirees age 65+ (20.8% in Saanich compared with 18.3% in BC), thus catering to a more affluent population with disposable income
47,467
wa
7a
d
Broadmead Village Shopping Centre Ro a
Camosun College Interurban Campus
The new 80,000 SF Trades Eduction and Innovation building will provide access to more than 3,000 students per year.
y1
n
POPULATION (2016)
gh
so
114,148
Hi
Camosun College is home to 19,000+ students annually across two campuses.
W ilk in
4.0
%
SAANICH GROWTH RATE (2011-2016)
Royal Oak Shopping Centre
HOUSEHOLDS (2016)
$104,231
Gas Bar
AVERAGE HOUSEHOLD INCOMES
FORM RETAIL ADVISORS INC.
m
el
H
way
nada High
Trans Ca
a Ro
y 17
DRIVE FROM DOWNTOWN VICTORIA
d
en ck
d oa nR
COMMUTE FROM CAMOSUN COLLEGE
MINUTE
hwa Hig
Victoria General Hopsital
rba eru
MINUTE
Int
7 17
SUBJECT SITE
nue
zie Ave
McKen
Saanich Centre
FOR SALE
HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD | SAANICH, BC
SALIENT FACTS
PARCEL MAP
LOCATION
Situated at the intersection of Interurban Road, Wilkinson Road, and Hastings Street
39 surface parking stalls
ACCESS/EGRESS
All directional access off of Interurban Road and Hastings Street
TRAFFIC COUNTS
• • •
ZONING
C-2 General Commercial Zone
OCP LAND USE
Village Centre - Supports residential mixed-use development
OCCUPANCY
74% Occupied
TENANTS
• • •
FINANCING
Available Clear Title
STABILIZED NOI
$125,789 / Annum
ASKING SALE PRICE
$2,580,000
VPD )
PARKING
,70 0
1990
(12
YEAR BUILT
SUBJECT SITE
Roa d
6,391 SF
son
GROSS FLOOR AREA*
Gas Bar
Interurban Road: 12,594 VPD Wilkinson Road: 12,700 VPD Hastings Street: 4,723 VPD
CRU 1: 1,395 SF - Sherwood Dental CRU 2: 1,590 SF - Vacant CRU 3: 3,075 SF - Crooked Goose Bistro
Please contact Listing Agent for more information. *Prospective purchasers should confirm the area measures as part of its Due Diligence
FORM RETAIL ADVISORS INC.
Wil
kin
22,297 SF
) PD 4V
SITE AREA
,59
12
Lot 2 Plan VIP45525 Section 5 Land District 62
d(
LEGAL DESCRIPTION
oa nR
008-319-260
rb a
PID
eru
4136 Interurban Road, Saanich, BC
Int
MUNICIPAL ADDRESS
Has
ting
s St
ree t
(4,7
23
VPD
)
SALE FORFOR SALE HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD | SAANICH, BC
HIGH PROFILE RETAIL STRIP CENTRE 4136 INTERURBAN ROAD SAANICH, BC
SUBJECT SITE
High
a Ro
Saanich
17
il
W
way
d
n
so
n ki
ay
da Highw
Trans Cana
Langford Downtown Victoria Esquimalt
Colwood
FORM RETAIL ADVISORS INC. 1280-333 SEYMOUR STREET VANCOUVER, BC V6B 5A6 T 604 638 2121 F 604 638 2122 FORM.CA FORM RETAIL ADVISORS INC.
2016 ESTIMATES
1 KM
3 KM
5 KM
SAANICH
Population
4,311
35,704
92,800
114,148
Households
1,522
13,889
40,172
47,467
Average Household Income
$100,173
$102,973
$94,053
$104,231
% Pop. Change (2011-2016)
5.8%
3.4%
2.9%
3.0%
The information contained herein has been prepared by Form Retail Advisors Inc. for advertising and general information only. Form Retail Advisors Inc. 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. Form Retail Advisors Inc. 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 communication is not intended to cause or induce breach of an existing listing agreement.
