inVeStment opportunity
Investment opportunity gateway Station shopping centre
Victoria, British Columbia
information Provided:
highw ay NO. 1
Introduction & Opportunity
1
HIGHLIGHTS Location/victoria’s Capital Regional District (CRD) Millstream interchange commercial area
isl
Property Description Offering Process & Contact
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 main +1 604 681 4111 fax +1 604 661 0849 www.collierscanada.com
TOWN oad mr a e r lst Mil
sheldon Scott* senior vice president dir +1 604 662 2660 [email protected] *Personal Real Estate Corporation
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Investment opportunity gateway Station shopping centre British Columbia
Introduction & Opportunity Introduction & Opportunity HIGHLIGHTS Location/victoria’s Capital Regional District (CRD) Millstream interchange commercial area Property Description Offering Process & Contact
River Rock Properties Ltd. (the “Vendor”) has engaged Colliers Macaulay Nicolls Inc. (“Colliers”) and Cushman & Wakefield Ltd. (“Cushman”) to facilitate the sale of Gateway Station, 739 - 759 McCallum Road, Langford, British Columbia (the “Property”). Highlights >> Strong location at the “gateway” of the Millstream Interchange
Commercial Area in the Capital Regional District of Victoria
>> Ideally situated amongst power retailers such as; Costco, Home
Depot, Staples, the Market on Millstream grocery store, Future Shop, Golf Town, Pier 1 Imports and Michaels
>> Adjacent Highway No. 1/Island Highway, the most travelled
highway on Vancouver Island
Safe secure investment within a growing market.
>> High growth area - population increase of 29.9% between
Building B: Thomas Cook Travel, EB Games and Tim Hortons
2007 and 2012
>> Central to the entire population of Greater Victoria’s Capital
Regional District - a trading area of 376,422 people
>> Strong tenants: Home Outfitters (Hudson’s Bay Co.), Tim
Hortons, EB Games and Thomas Cook Travel (dba: Redtag.ca Vacations).
>> Pre-set rent bumps provide opportunity for growth.
Prospective purchasers are invited to submit Offers to Purchase Gateway Station through Colliers and/or Cushman for consideration by the Vendor. Building A: Home Outfitters, adjacent to Future Shop
Investment opportunity gateway Station shopping centre British Columbia
Location Introduction & Opportunity
Victoria’s Capital regional district (Crd)
HIGHLIGHTS
The Property is situated within the City of Langford. The City of Landford is part of Victoria’s Capital Regional District (CRD), located at the southeastern tip of Vancouver Island on the Juan de Fuca Strait.
Location/victoria’s Capital Regional District (CRD) Millstream interchange commercial area Property Description Offering Process & Contact
The CRD comprises the City of Victoria, the surrounding suburban communities extending north along Saanich Peninsula to Sidney and west along the strait to Langford and Sooke, the southern Gulf Islands, and has one electoral area. As of July 1, 2012, the CRD had a population of approximately 376,422 people.
C CA AN NA AD DA A U U .. S S .. A A ..
Victoria’s CRD ranks as the fifteenth largest metropolitan population in Canada with the area’s population expected to grow by 4-5% every 5 years between 2010 and 2025.
Capita
Adm Boun
Southern Gulf Islands Electoral Area
Cap
City of V
District o
Townsh
Gateway Station is located in Langford, one of the fastest growing cities in British Columbia.
District o
Salt Spring Island Electoral Area
District o City of L
District o
District of North Saanich Town of Sidney
Juan de Fuca Electoral Area Willis Point
District of Central Saanich
VV aa Juan de Fuca Electoral Area
Wa Wasshhiinnggttoonn S S ttaattee District of Highlands
Town of View Royal City of Langford
CA NA DA U. S. A.
Township of Esquimalt
District of Oak Bay City of Victoria
Ple
Juan de Fuca Electoral Area Chatham Islands
District of Sooke District of Metchosin Juan de Fuca Electoral Area East Sooke
City of Colwood
District of Saanich
http:/
1:350,000
0
2.5
Projection: Unive
DISCLAIMER
Important Th
District (CRD) m completeness
Wa Wasshhiinnggttoonn S S ttaattee
CRD Region Map
This map is no
loss or injury r
the map may b
September 2009
Investment opportunity gateway Station shopping centre British Columbia
Millstream Interchange Commercial Area Introduction & Opportunity HIGHLIGHTS Location/victoria’s Capital Regional District (CRD)
The Property is situated in the Millstream Interchange Commercial Area of Langford, near the intersection of Millstream Road and Highway No. 1/Island Highway. The neighbourhood is characterized by various retail centres with notable retailers including Home Depot, Costco, Future Shop, Staples, Sleep Country Canada, McDonald’s, The Market on Millstream grocery store, Michaels, Pier 1 Imports and Golf Town in addition to retailers at the Property, Home Outfitters (Hudson’s Bay Company), Tim Hortons, EB Games and Thomas Cook Travel (dba: Redtag.ca Vacations).
Millstream interchange commercial area
highw ay NO. 1
Property Description
1
Offering Process & Contact
isl
The Property boasts excellent exposure in one of the Victoria’s most dynamic and diverse markets.
TOWN d roa m a re lst Mil
mc cal lum
roa d
an
dh
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wa y
Investment opportunity gateway Station shopping centre British Columbia
Property Description Introduction & Opportunity
Civic Address:
739 - 759 McCallum Road, Langford, BC
HIGHLIGHTS
Ownership Interest: Lot Size Net Rentable Area: Year Built:
Freehold 134,544 SF (3.09 Acres) 41,341 SF (approximately) Building A was constructed in 2002 and Building B was constructed in 2003. 164 Surface Stalls (4.0 stalls per 1,000 SF) Business Park 1 (BP1 - Millstream Road West) $900,004 (June 2015 - May 2016)
Location/victoria’s Capital Regional District (CRD) Millstream interchange commercial area Property Description
Parking: Zoning:
Offering Process & Contact
Stabilized NOI: Major Tenants
Gateway Station is of perfect design for retail use.
Home Outfitters Tim Hortons EB Games Thomas Cook Travel (dba: Redtag.ca Vacations) TOTAL
Building A: Home Outfitters
36,000 SF 3,082 SF 1,130 SF 1,129 SF 41,341 SF
Building B: Tim Hortons, EB Games and Thomas Cook Travel
Investment opportunity gateway Station shopping centre British Columbia
Offering Process & Contact Introduction & Opportunity HIGHLIGHTS Location/victoria’s Capital Regional District (CRD) Millstream interchange commercial area Property Description
Prospective purchasers are invited to submit Offers on Gateway Station through Colliers and/or Cushman for consideration by the Vendor. Please contact Sheldon Scott at Colliers or Adam Frizzell at Cushman for more information; or, for a copy of the Confidential Information Memorandum, please submit a Confidentiality Agreement to Colliers via fax at 604 661 0849 or by email to Sheldon Scott at [email protected] or to Cushman via fax at 604 683 0432 or by email to Adam Frizzell at adam.frizzell@ ca.cushwake.com
Offering Process & Contact
sheldon Scott* senior vice president dir +1 604 662 2660 [email protected]
Adam Frizzell associate vice president dir +1 604 640 5840 [email protected]
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 main +1 604 681 4111 fax +1 604 661 0849 www.collierscanada.com
sheldon Scott* senior vice president dir +1 604 662 2660 [email protected]
This document/email 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). © 2015. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation. VP 01/2015
Victoria, British Columbia
information Provided:
highw ay NO. 1
Introduction & Opportunity
1
HIGHLIGHTS Location/victoria’s Capital Regional District (CRD) Millstream interchange commercial area
isl
Property Description Offering Process & Contact
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 main +1 604 681 4111 fax +1 604 661 0849 www.collierscanada.com
TOWN oad mr a e r lst Mil
sheldon Scott* senior vice president dir +1 604 662 2660 [email protected] *Personal Real Estate Corporation
mc cal lum
roa d
an
dh
igh
wa y
Investment opportunity gateway Station shopping centre British Columbia
Introduction & Opportunity Introduction & Opportunity HIGHLIGHTS Location/victoria’s Capital Regional District (CRD) Millstream interchange commercial area Property Description Offering Process & Contact
River Rock Properties Ltd. (the “Vendor”) has engaged Colliers Macaulay Nicolls Inc. (“Colliers”) and Cushman & Wakefield Ltd. (“Cushman”) to facilitate the sale of Gateway Station, 739 - 759 McCallum Road, Langford, British Columbia (the “Property”). Highlights >> Strong location at the “gateway” of the Millstream Interchange
Commercial Area in the Capital Regional District of Victoria
>> Ideally situated amongst power retailers such as; Costco, Home
Depot, Staples, the Market on Millstream grocery store, Future Shop, Golf Town, Pier 1 Imports and Michaels
>> Adjacent Highway No. 1/Island Highway, the most travelled
highway on Vancouver Island
Safe secure investment within a growing market.
>> High growth area - population increase of 29.9% between
Building B: Thomas Cook Travel, EB Games and Tim Hortons
2007 and 2012
>> Central to the entire population of Greater Victoria’s Capital
Regional District - a trading area of 376,422 people
>> Strong tenants: Home Outfitters (Hudson’s Bay Co.), Tim
Hortons, EB Games and Thomas Cook Travel (dba: Redtag.ca Vacations).
>> Pre-set rent bumps provide opportunity for growth.
Prospective purchasers are invited to submit Offers to Purchase Gateway Station through Colliers and/or Cushman for consideration by the Vendor. Building A: Home Outfitters, adjacent to Future Shop
Investment opportunity gateway Station shopping centre British Columbia
Location Introduction & Opportunity
Victoria’s Capital regional district (Crd)
HIGHLIGHTS
The Property is situated within the City of Langford. The City of Landford is part of Victoria’s Capital Regional District (CRD), located at the southeastern tip of Vancouver Island on the Juan de Fuca Strait.
Location/victoria’s Capital Regional District (CRD) Millstream interchange commercial area Property Description Offering Process & Contact
The CRD comprises the City of Victoria, the surrounding suburban communities extending north along Saanich Peninsula to Sidney and west along the strait to Langford and Sooke, the southern Gulf Islands, and has one electoral area. As of July 1, 2012, the CRD had a population of approximately 376,422 people.
C CA AN NA AD DA A U U .. S S .. A A ..
Victoria’s CRD ranks as the fifteenth largest metropolitan population in Canada with the area’s population expected to grow by 4-5% every 5 years between 2010 and 2025.
Capita
Adm Boun
Southern Gulf Islands Electoral Area
Cap
City of V
District o
Townsh
Gateway Station is located in Langford, one of the fastest growing cities in British Columbia.
District o
Salt Spring Island Electoral Area
District o City of L
District o
District of North Saanich Town of Sidney
Juan de Fuca Electoral Area Willis Point
District of Central Saanich
VV aa Juan de Fuca Electoral Area
Wa Wasshhiinnggttoonn S S ttaattee District of Highlands
Town of View Royal City of Langford
CA NA DA U. S. A.
Township of Esquimalt
District of Oak Bay City of Victoria
Ple
Juan de Fuca Electoral Area Chatham Islands
District of Sooke District of Metchosin Juan de Fuca Electoral Area East Sooke
City of Colwood
District of Saanich
http:/
1:350,000
0
2.5
Projection: Unive
DISCLAIMER
Important Th
District (CRD) m completeness
Wa Wasshhiinnggttoonn S S ttaattee
CRD Region Map
This map is no
loss or injury r
the map may b
September 2009
Investment opportunity gateway Station shopping centre British Columbia
Millstream Interchange Commercial Area Introduction & Opportunity HIGHLIGHTS Location/victoria’s Capital Regional District (CRD)
The Property is situated in the Millstream Interchange Commercial Area of Langford, near the intersection of Millstream Road and Highway No. 1/Island Highway. The neighbourhood is characterized by various retail centres with notable retailers including Home Depot, Costco, Future Shop, Staples, Sleep Country Canada, McDonald’s, The Market on Millstream grocery store, Michaels, Pier 1 Imports and Golf Town in addition to retailers at the Property, Home Outfitters (Hudson’s Bay Company), Tim Hortons, EB Games and Thomas Cook Travel (dba: Redtag.ca Vacations).
Millstream interchange commercial area
highw ay NO. 1
Property Description
1
Offering Process & Contact
isl
The Property boasts excellent exposure in one of the Victoria’s most dynamic and diverse markets.
TOWN d roa m a re lst Mil
mc cal lum
roa d
an
dh
igh
wa y
Investment opportunity gateway Station shopping centre British Columbia
Property Description Introduction & Opportunity
Civic Address:
739 - 759 McCallum Road, Langford, BC
HIGHLIGHTS
Ownership Interest: Lot Size Net Rentable Area: Year Built:
Freehold 134,544 SF (3.09 Acres) 41,341 SF (approximately) Building A was constructed in 2002 and Building B was constructed in 2003. 164 Surface Stalls (4.0 stalls per 1,000 SF) Business Park 1 (BP1 - Millstream Road West) $900,004 (June 2015 - May 2016)
Location/victoria’s Capital Regional District (CRD) Millstream interchange commercial area Property Description
Parking: Zoning:
Offering Process & Contact
Stabilized NOI: Major Tenants
Gateway Station is of perfect design for retail use.
Home Outfitters Tim Hortons EB Games Thomas Cook Travel (dba: Redtag.ca Vacations) TOTAL
Building A: Home Outfitters
36,000 SF 3,082 SF 1,130 SF 1,129 SF 41,341 SF
Building B: Tim Hortons, EB Games and Thomas Cook Travel
Investment opportunity gateway Station shopping centre British Columbia
Offering Process & Contact Introduction & Opportunity HIGHLIGHTS Location/victoria’s Capital Regional District (CRD) Millstream interchange commercial area Property Description
Prospective purchasers are invited to submit Offers on Gateway Station through Colliers and/or Cushman for consideration by the Vendor. Please contact Sheldon Scott at Colliers or Adam Frizzell at Cushman for more information; or, for a copy of the Confidential Information Memorandum, please submit a Confidentiality Agreement to Colliers via fax at 604 661 0849 or by email to Sheldon Scott at [email protected] or to Cushman via fax at 604 683 0432 or by email to Adam Frizzell at adam.frizzell@ ca.cushwake.com
Offering Process & Contact
sheldon Scott* senior vice president dir +1 604 662 2660 [email protected]
Adam Frizzell associate vice president dir +1 604 640 5840 [email protected]
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 main +1 604 681 4111 fax +1 604 661 0849 www.collierscanada.com
sheldon Scott* senior vice president dir +1 604 662 2660 [email protected]
This document/email 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). © 2015. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation. VP 01/2015
