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Vacant-User

723 Pandora Avenue

723 Pandora Ave, Victoria, BC V8W 1N9

Listing Price: $3,250,000

Cap Rate
3.72%
Rentable SF
3,657
Lot Size
0.17 acres
Year Built
1906

Investment Overview

The Vendor has exclusively engaged Marcus & Millichap REIS to facilitate the sale of 723 Pandora Avenue (the “Subject Property”). The Subject Property presents a rare opportunity to acquire a parcel in a highly desirable location within Victoria’s densifying and evolving downtown city-centre. The Subject Property is situated directly across the street from 1515 Douglas, a recently completed office complex with ground-floor retail, and nearby existing and future residential and commercial high-rise developments, all of which are furthering the gentrification of the immediate neighbourhood.

Investment Highlights

  • Features 60 feet of frontage on Pandora Avenue, and the low site coverage provides ample on-site parking (monthly rental) and future potential to add density.
  • Designated for up to 24 stories in height and support up to 6.0X FSR with permitted uses such as: commercial institutional and mixed-use buildings oriented to the street.
  • Benefits from considerable holding income secured by a strong tenant mix with additional parking income.

Exclusively Listed By

Listing Price: $3,250,000

Cap Rate
3.72%
Rentable SF
3,657
Lot Size
0.17 acres
Year Built
1906

Investment Highlights

  • Features 60 feet of frontage on Pandora Avenue, and the low site coverage provides ample on-site parking (monthly rental) and future potential to add density.
  • Designated for up to 24 stories in height and support up to 6.0X FSR with permitted uses such as: commercial institutional and mixed-use buildings oriented to the street.
  • Benefits from considerable holding income secured by a strong tenant mix with additional parking income.

Investment Overview

The Vendor has exclusively engaged Marcus & Millichap REIS to facilitate the sale of 723 Pandora Avenue (the “Subject Property”). The Subject Property presents a rare opportunity to acquire a parcel in a highly desirable location within Victoria’s densifying and evolving downtown city-centre. The Subject Property is situated directly across the street from 1515 Douglas, a recently completed office complex with ground-floor retail, and nearby existing and future residential and commercial high-rise developments, all of which are furthering the gentrification of the immediate neighbourhood.

Exclusively Listed By

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