Urban-High Street
933 Douglas Street
933 Douglas St, Victoria, BC V8W 2C1
Listing Price: $8,800,000
Cap Rate
5.00%
Gross SF
18,346
Rentable SF
18,346
Price/Gross SF
$479.67
Lot Size
0.16 acres
Year Built
1982
Investment Overview
Marcus & Millichap is pleased to present a unique opportunity to acquire a well-positioned, fully-leased, three-storey commercial building situated in the rapidly growing core of downtown Victoria.
933 Douglas Street
Investment Highlights
- Desirable position at the corner of Douglas Street and Broughton Street, with exceptional visibility to vehicular and pedestrian traffic.
- 100% leased to strong tenants on triple-net leases.
- Significant upside on rents upon upcoming lease expiries / renewals.
- Stable income-producing property with built-in rental escalations.
- Recent capital upgrades including a roof replacement in December of 2022.
- CBD-1 zoning allows a floor space ratio of up to 3.0x (currently ~2.7x) and a wide range of uses, including: office, retail trade, retail liquor sale, residential, hotel, financial service, care facility, assisted living facility, and assembly uses among others.
- Downtown Victoria continues to undergo significant residential development, resulting in strong population growth, dense market catchment, and demand for nearby office and retail amenities.
Exclusively Listed By
Listing Price: $8,800,000
Cap Rate
5.00%
Gross SF
18,346
Rentable SF
18,346
Price/Gross SF
$479.67
Lot Size
0.16 acres
Year Built
1982
Investment Highlights
- Desirable position at the corner of Douglas Street and Broughton Street, with exceptional visibility to vehicular and pedestrian traffic.
- 100% leased to strong tenants on triple-net leases.
- Significant upside on rents upon upcoming lease expiries / renewals.
- Stable income-producing property with built-in rental escalations.
- Recent capital upgrades including a roof replacement in December of 2022.
- CBD-1 zoning allows a floor space ratio of up to 3.0x (currently ~2.7x) and a wide range of uses, including: office, retail trade, retail liquor sale, residential, hotel, financial service, care facility, assisted living facility, and assembly uses among others.
- Downtown Victoria continues to undergo significant residential development, resulting in strong population growth, dense market catchment, and demand for nearby office and retail amenities.
Investment Overview
Marcus & Millichap is pleased to present a unique opportunity to acquire a well-positioned, fully-leased, three-storey commercial building situated in the rapidly growing core of downtown Victoria.
Exclusively Listed By
