Tenanted Industrial Building

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TY WHITTAKER* +1 250 414 8395 [email protected]

Contact Us

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

859 DEVONSHIRE ROAD, VICTORIA, BC

Tenanted Industrial Building FOR SALE > ESQUIMALT INDUSTRIAL PROPERTY

FOR SALE > ESQUIMALT INDUSTRIAL PROPERTY

Tenanted Industrial Building 859 DEVONSHIRE ROAD, VICTORIA, BC

INNER HARBOUR

Contact Us TY WHITTAKER* +1 250 414 8395 [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

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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). © 2013. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria). *Personal Real Estate Corporation.

REET LAMPSON ST

FOR SALE > ESQUIMALT INDUSTRIAL PROPERTY

Tenanted Industrial Building 859 DEVONSHIRE ROAD, VICTORIA, BC

Location 859 Devonshire is located in the Esquimalt Industrial Park, only 5 minutes from downtown Victoria and with excellent access to all of the Capital Region’s major traffic arteries. Its close proximity to the Department of National Defense and the Victoria Graving Dock has made this industrial enclave a focus of attention with shipyard contractors and suppliers to the Federal Government.

Improvements This facility features the following improvements: > Metal roofs installed in 2004 with additional new roofs installed in 2008 > $335,000.00 invested into a sawdust burning Biomass heat system that provides free

heat to tenants > 800 amp, 3 phase electrical service > Flexible layout providing up to Six (6) units in the complex > Well-finished office space with offices and boardroom > Large secure gated yards on the property for the various tenants in the complex

Site The subject property is triangular in shape with frontage along Devonshire Road of ±364.5 feet with a depth on the eastern side of the property of +187.52 feet. The western corner is located at the intersection of Devonshire Road and Fairview Road. The total site is ±34,424 SF according to BC Assessment.

Zoning The subject property is zoned: I-1 (Light Industrial Zone). This zoning permits a wide range of industrial uses including but not limited to: building supply store and lumber yard, cold storage plant, food preparation, light manufacturing, printing, transportation and trucking, warehousing and wholesaling.

Net Revenue $183,022.42 per annum net* A detailed rent roll will be provided to qualified purchasers. 859 Devonshire Road has Four (4) companies occupying the premises:

Occupant

Area

Term

Victoria Shipyards Co. Ltd.

5,010.25 SF

Old Country Wood Turning Inc.

8,389.00 SF

Vittrium Building Products Inc. Szolyd Development Corporation

2,395.00 SF 2,687.00 SF

Dec. 1st, 2011 – November 30th, 2016 *Three year lease back or will provide vacant posession May 1st, 2012 – April 30th, 2017 Sept 1st, 2011 to August 31st, 2014

Total Occupied Space: Additional unfinished 2nd floor: Total Building Square Footage:

18,481.25 SF Approx. 1,700.00 SF 20,181.25 SF

2013 Tax Assessment $2,277,000.00

Price Two Million Four Hundred Thousand Dollars ($2,400,000.00)

FOR SALE > ESQUIMALT INDUSTRIAL PROPERTY

Tenanted Industrial Building 859 DEVONSHIRE ROAD, VICTORIA, BC

Location 859 Devonshire is located in the Esquimalt Industrial Park, only 5 minutes from downtown Victoria and with excellent access to all of the Capital Region’s major traffic arteries. Its close proximity to the Department of National Defense and the Victoria Graving Dock has made this industrial enclave a focus of attention with shipyard contractors and suppliers to the Federal Government.

Improvements This facility features the following improvements: > Metal roofs installed in 2004 with additional new roofs installed in 2008 > $335,000.00 invested into a sawdust burning Biomass heat system that provides free

heat to tenants > 800 amp, 3 phase electrical service > Flexible layout providing up to Six (6) units in the complex > Well-finished office space with offices and boardroom > Large secure gated yards on the property for the various tenants in the complex

Site The subject property is triangular in shape with frontage along Devonshire Road of ±364.5 feet with a depth on the eastern side of the property of +187.52 feet. The western corner is located at the intersection of Devonshire Road and Fairview Road. The total site is ±34,424 SF according to BC Assessment.

Zoning The subject property is zoned: I-1 (Light Industrial Zone). This zoning permits a wide range of industrial uses including but not limited to: building supply store and lumber yard, cold storage plant, food preparation, light manufacturing, printing, transportation and trucking, warehousing and wholesaling.

Net Revenue $183,022.42 per annum net* A detailed rent roll will be provided to qualified purchasers. 859 Devonshire Road has Four (4) companies occupying the premises:

Occupant

Area

Term

Victoria Shipyards Co. Ltd.

5,010.25 SF

Old Country Wood Turning Inc.

8,389.00 SF

Vittrium Building Products Inc. Szolyd Development Corporation

2,395.00 SF 2,687.00 SF

Dec. 1st, 2011 – November 30th, 2016 *Three year lease back or will provide vacant posession May 1st, 2012 – April 30th, 2017 Sept 1st, 2011 to August 31st, 2014

Total Occupied Space: Additional unfinished 2nd floor: Total Building Square Footage:

18,481.25 SF Approx. 1,700.00 SF 20,181.25 SF

2013 Tax Assessment $2,277,000.00

Price Two Million Four Hundred Thousand Dollars ($2,400,000.00)

TY WHITTAKER* +1 250 414 8395 [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

Contact Us 859 DEVONSHIRE ROAD, VICTORIA, BC

Tenanted Industrial Building FOR SALE > ESQUIMALT INDUSTRIAL PROPERTY

FOR SALE > ESQUIMALT INDUSTRIAL PROPERTY

Tenanted Industrial Building 859 DEVONSHIRE ROAD, VICTORIA, BC

INNER HARBOUR

Contact Us TY WHITTAKER* +1 250 414 8395 [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

ES Q

UIM

ALT

RO AD

DE N VO

EE T Y STR ELLER

SH IRE AD RO

REET LAMPSON ST

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). © 2013. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria). *Personal Real Estate Corporation.