Shopping Neighborhood
735 Goldstream Avenue - Victoria
735 Goldstream Ave, Victoria, BC V9B 2X4
Listing Price: $8,300,000
Cap Rate
5.50%
Rentable SF
19,139
Lot Size
1.52 acres
Year Built
1999
Investment Overview
Marcus & Millichap is pleased to present a unique opportunity to acquire a well-positioned, fully leased BMO-anchored retail centre situated in the rapidly growing city centre area of downtown Langford.
735 Goldstream Avenue - Victoria
Investment Highlights
- Upside in Rents: Average net rent of $23.81 PSF and a weighted average lease expiry of 2.9 years, the property offers considerable near-term rental growth upside.
- Fully leased to a diverse and stable tenant mix, comprised of 12 businesses with an average operating tenure of over 12 years, including BMO, who have operated from the location since 2000.
- Langford is the fastest growing community in B.C. and B.C. Business has named Langford the Most Economically Resilient City in B.C. two years in a row (2020 & 2021).
Exclusively Listed By
Listing Price: $8,300,000
Cap Rate
5.50%
Rentable SF
19,139
Lot Size
1.52 acres
Year Built
1999
Investment Highlights
- Upside in Rents: Average net rent of $23.81 PSF and a weighted average lease expiry of 2.9 years, the property offers considerable near-term rental growth upside.
- Fully leased to a diverse and stable tenant mix, comprised of 12 businesses with an average operating tenure of over 12 years, including BMO, who have operated from the location since 2000.
- Langford is the fastest growing community in B.C. and B.C. Business has named Langford the Most Economically Resilient City in B.C. two years in a row (2020 & 2021).
Investment Overview
Marcus & Millichap is pleased to present a unique opportunity to acquire a well-positioned, fully leased BMO-anchored retail centre situated in the rapidly growing city centre area of downtown Langford.
Exclusively Listed By
