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Vacant-User

716 Johnson Street

716 Johnson St, Victoria, BC V8W 1N1

Listing Price: $3,250,000

Cap Rate
4.29%
Rentable SF
8,792
Lot Size
0.17 acres
Year Built
1931

Investment Overview

The Vendor has exclusively engaged Marcus & Millichap REIS to facilitate the sale of 716 Johnson Street (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 adjacent to the Johnson Street Parkade, and nearby existing and future residential and commercial high-rise developments, all of which are furthering the gentrification of the immediate neighbourhood.

Investment Highlights

  • Well-located, two-storey commercial building with 60 feet of frontage on Johnson Street, 8,792 SF of rentable area comprised of 4,597 SF of ground floor and 4,375 SF second floor.
  • 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.
  • Located within the centre of DT Victoria's core, which has experienced a 10.0% growth rate since 2015 and is positioned to capitalize on the continued growth through mid to high-rise developments.

Exclusively Listed By

Listing Price: $3,250,000

Cap Rate
4.29%
Rentable SF
8,792
Lot Size
0.17 acres
Year Built
1931

Investment Highlights

  • Well-located, two-storey commercial building with 60 feet of frontage on Johnson Street, 8,792 SF of rentable area comprised of 4,597 SF of ground floor and 4,375 SF second floor.
  • 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.
  • Located within the centre of DT Victoria's core, which has experienced a 10.0% growth rate since 2015 and is positioned to capitalize on the continued growth through mid to high-rise developments.

Investment Overview

The Vendor has exclusively engaged Marcus & Millichap REIS to facilitate the sale of 716 Johnson Street (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 adjacent to the Johnson Street Parkade, 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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