Office Vacant-User

775 Topaz Avenue

775 Topaz Ave, Victoria, BC V8T 4Z7

Listing Price: $5,400,000

Cap Rate
4.96%
Gross SF
15,103
Rentable SF
15,103
Price/Gross SF
$357.54
Lot Size
0.43 acres
Year Built
1997

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 775 Topaz Avenue, Victoria B.C. (the “Subject Property”). The Subject Property represents an opportunity to acquire a well-maintained office building, featuring recent capital updates and an underground parkade. The Subject Property is situated nearby Douglas Street (Trans-Canada Highway), and Blanshard Street (Hwy 17), two essential thoroughfares in the Greater Victoria area.

Investment Highlights

  • Secure underground parkade with 13 parking stalls, storage rooms and fenced / gated area well suited for a bike room
  • Excellent opportunity for an Owner-User and / or Investor to take possession on the second floor suite
  • Total rentable area of 15,103 SF, comprised of 7,219 SF on the Main Floor occupied by Neuromotion Physiotherapy + Rehabilitation and second floor of 7,884 SF vacant office space
  • Contractual rental escalations for the ground floor tenant
  • Well-maintained two-storey office building with underground parkade and elevator access to all three levels
  • Recent capital updates include recent roof replacement in 2015 and HVAC replacement in 2012

Exclusively Listed By

Office Vacant-User

775 Topaz Avenue

Listing Price: $5,400,000

Cap Rate
4.96%
Gross SF
15,103
Rentable SF
15,103
Price/Gross SF
$357.54
Lot Size
0.43 acres
Year Built
1997

Investment Highlights

  • Secure underground parkade with 13 parking stalls, storage rooms and fenced / gated area well suited for a bike room
  • Excellent opportunity for an Owner-User and / or Investor to take possession on the second floor suite
  • Total rentable area of 15,103 SF, comprised of 7,219 SF on the Main Floor occupied by Neuromotion Physiotherapy + Rehabilitation and second floor of 7,884 SF vacant office space
  • Contractual rental escalations for the ground floor tenant
  • Well-maintained two-storey office building with underground parkade and elevator access to all three levels
  • Recent capital updates include recent roof replacement in 2015 and HVAC replacement in 2012

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 775 Topaz Avenue, Victoria B.C. (the “Subject Property”). The Subject Property represents an opportunity to acquire a well-maintained office building, featuring recent capital updates and an underground parkade. The Subject Property is situated nearby Douglas Street (Trans-Canada Highway), and Blanshard Street (Hwy 17), two essential thoroughfares in the Greater Victoria area.

Exclusively Listed By

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