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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.

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

Shopping Neighborhood

735 Goldstream Avenue - Victoria

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

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