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Vacant-User

723 Pandora Ave & 716 Johnson Street

716 Johnson St, Victoria, BC V8W 1N1

Listing Price: $5,000,000

Cap Rate
3.80%
Gross SF
12,629
Rentable SF
12,629
Price/Gross SF
$395.91
Lot Size
0.33 acres
Year Built
1906

Investment Overview

The Vendor has exclusively engaged Marcus & Millichap REIS to facilitate the sale of 716 Johnson Street and 723 Pandora Avenue (collectively, the “Subject Properties”). The Subject Properties present a rare opportunity to acquire two adjacent parcels in a highly desirable location within Victoria’s densifying and evolving downtown city-centre. The Subject Properties are 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

  • Located in Victoria's Central Business District and generate existing income from a mixture of longstanding tenancies and short-term leases.
  • Situated within the Downtown Core Area, which aims to remain as the Capital Region's primary economic, social, arts, cultural, and entertainment centre.
  • Strategically located along Pandora Avenue and Johnson Street, two essential thoroughfares connecting downtown to Victoria's surrounding communities.

Exclusively Listed By

Vacant-User

723 Pandora Ave & 716 Johnson Street

Listing Price: $5,000,000

Cap Rate
3.80%
Gross SF
12,629
Rentable SF
12,629
Price/Gross SF
$395.91
Lot Size
0.33 acres
Year Built
1906

Investment Highlights

  • Located in Victoria's Central Business District and generate existing income from a mixture of longstanding tenancies and short-term leases.
  • Situated within the Downtown Core Area, which aims to remain as the Capital Region's primary economic, social, arts, cultural, and entertainment centre.
  • Strategically located along Pandora Avenue and Johnson Street, two essential thoroughfares connecting downtown to Victoria's surrounding communities.

Investment Overview

The Vendor has exclusively engaged Marcus & Millichap REIS to facilitate the sale of 716 Johnson Street and 723 Pandora Avenue (collectively, the “Subject Properties”). The Subject Properties present a rare opportunity to acquire two adjacent parcels in a highly desirable location within Victoria’s densifying and evolving downtown city-centre. The Subject Properties are 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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