Retail Strata Building, Cook Street Village
MISCHA GRINGRAS KEN CLOAK 250 414 8375 250 414 8372 [email protected] [email protected]
240 COOK STREET, VICTORIA, BC
Retail Strata Building, Cook Street Village FOR SALE > FOR SALE > RETAIL STRATA BUILDING
Cook Street Village 240 COOK STREET, VICTORIA, BC
Contact Us PENDERGA ST STREET
MISCHA GRINGRAS +1 250 414 8375 [email protected] KEN CLOAK +1 250 414 8372 [email protected]
VANCOUVER STREET
Cook Street Village 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
ET COO
KS TRE Beacon Hill Park
MAY STREE T
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. Colliers International is a worldwide affiliation of independently owned and operated companies. 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).
FOR SALE > RETAIL STRATA BUILDING
Cook Street Village 240 COOK STREET, VICTORIA, BC
Opportunity Colliers International Victoria is pleased to introduce for sale this retail strata offering which forms the commercial core of the popular Cook Street Village corridor in south Victoria. This offering is priced to provide a 6.5% return based on existing net income rising to 7.28% once a small remaining vacancy is leased. Cook Street Village is a proven retail market and the retailers at 240 are enjoying strong sales with continuing revenue growth.
Location Cook Street Village is the quintessential urban village centrally located in the heart of Fairfield, an established and upscale neighbourhood in south Victoria. Steps from Beacon Hill Park and the Dallas Road waterfront, 240 Cook Street is at the centre of the Cook Street Village. Situated on the southwest corner of Cook Street and Sutlej Street, 240 Cook enjoys prominent visibility within this established retail corridor. Cook Street Village is a rare pedestrian-dominated retail environment with 25,000 people within walking distance (1.5 km).
Improvements An 8,762-square-foot commercial strata unit comprising multiple CRUs at grade with residential above and secure underground parking. This unit is part of a strata-titled development comprising a two-storey mixed-use building and a three-storey residential building (41 units in total) which includes 74 parking stalls - 68 of which are underground. A total of 26 of these are allocated to the commercial strata unit, 20 designated stalls located underground plus 6 surface. Completed in 2012 of concrete construction, each of the CRUs are finished to a high standard in accordance with the individual tenant’s requirements. Each unit has individual HVAC units and washrooms. All sidewalks feature quality interlocking brick, further enhancing the quality of this development.
Assessment (2015) Land: Improvements: Total:
$2,088,000.00 $1,215,000.00 $3,303,000.00
Zoning CD-7 zone (Cook Village District). This zone permits a wide variety of uses, including restaurants, retail stores, business offices, and others.
Net Operating Income (Stabilized) $367,672.50*
Legal Description
*This NOI is inclusive of a market rental rate projected for one (1) remaining vacant CRU comprising ±1,044 SF.
Strata Lot I, Fairfield Farm Estate L.D.57, Victoria City, Strata Plan VIS7041
Price
PID 028-474-686
Four Million, Nine Hundred and Ninety-Five Thousand Dollars ($4,995,000.00)
MISCHA GRINGRAS KEN CLOAK 250 414 8375 250 414 8372 [email protected] [email protected]
240 COOK STREET, VICTORIA, BC
Retail Strata Building, Cook Street Village FOR SALE > FOR SALE > RETAIL STRATA BUILDING
Cook Street Village 240 COOK STREET, VICTORIA, BC
Contact Us MISCHA GRINGRAS +1 250 414 8375 [email protected]
PENDERGA ST STREET
VANCOUVER STREET
KEN CLOAK +1 250 414 8372 [email protected]
Cook Street Village
COO K
STR E
ET
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
Beacon Hill Park
MAY STREE T
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. Colliers International is a worldwide affiliation of independently owned and operated companies. 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).
240 COOK STREET, VICTORIA, BC
Retail Strata Building, Cook Street Village FOR SALE > FOR SALE > RETAIL STRATA BUILDING
Cook Street Village 240 COOK STREET, VICTORIA, BC
Contact Us PENDERGA ST STREET
MISCHA GRINGRAS +1 250 414 8375 [email protected] KEN CLOAK +1 250 414 8372 [email protected]
VANCOUVER STREET
Cook Street Village 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
ET COO
KS TRE Beacon Hill Park
MAY STREE T
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. Colliers International is a worldwide affiliation of independently owned and operated companies. 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).
FOR SALE > RETAIL STRATA BUILDING
Cook Street Village 240 COOK STREET, VICTORIA, BC
Opportunity Colliers International Victoria is pleased to introduce for sale this retail strata offering which forms the commercial core of the popular Cook Street Village corridor in south Victoria. This offering is priced to provide a 6.5% return based on existing net income rising to 7.28% once a small remaining vacancy is leased. Cook Street Village is a proven retail market and the retailers at 240 are enjoying strong sales with continuing revenue growth.
Location Cook Street Village is the quintessential urban village centrally located in the heart of Fairfield, an established and upscale neighbourhood in south Victoria. Steps from Beacon Hill Park and the Dallas Road waterfront, 240 Cook Street is at the centre of the Cook Street Village. Situated on the southwest corner of Cook Street and Sutlej Street, 240 Cook enjoys prominent visibility within this established retail corridor. Cook Street Village is a rare pedestrian-dominated retail environment with 25,000 people within walking distance (1.5 km).
Improvements An 8,762-square-foot commercial strata unit comprising multiple CRUs at grade with residential above and secure underground parking. This unit is part of a strata-titled development comprising a two-storey mixed-use building and a three-storey residential building (41 units in total) which includes 74 parking stalls - 68 of which are underground. A total of 26 of these are allocated to the commercial strata unit, 20 designated stalls located underground plus 6 surface. Completed in 2012 of concrete construction, each of the CRUs are finished to a high standard in accordance with the individual tenant’s requirements. Each unit has individual HVAC units and washrooms. All sidewalks feature quality interlocking brick, further enhancing the quality of this development.
Assessment (2015) Land: Improvements: Total:
$2,088,000.00 $1,215,000.00 $3,303,000.00
Zoning CD-7 zone (Cook Village District). This zone permits a wide variety of uses, including restaurants, retail stores, business offices, and others.
Net Operating Income (Stabilized) $367,672.50*
Legal Description
*This NOI is inclusive of a market rental rate projected for one (1) remaining vacant CRU comprising ±1,044 SF.
Strata Lot I, Fairfield Farm Estate L.D.57, Victoria City, Strata Plan VIS7041
Price
PID 028-474-686
Four Million, Nine Hundred and Ninety-Five Thousand Dollars ($4,995,000.00)
MISCHA GRINGRAS KEN CLOAK 250 414 8375 250 414 8372 [email protected] [email protected]
240 COOK STREET, VICTORIA, BC
Retail Strata Building, Cook Street Village FOR SALE > FOR SALE > RETAIL STRATA BUILDING
Cook Street Village 240 COOK STREET, VICTORIA, BC
Contact Us MISCHA GRINGRAS +1 250 414 8375 [email protected]
PENDERGA ST STREET
VANCOUVER STREET
KEN CLOAK +1 250 414 8372 [email protected]
Cook Street Village
COO K
STR E
ET
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
Beacon Hill Park
MAY STREE T
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. Colliers International is a worldwide affiliation of independently owned and operated companies. 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).
