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Vacant-User

3375 Whittier Avenue

3375 Whittier Ave, Victoria, BC V8Z 3R1

Listing Price: $10,800,000

Cap Rate
4.00%
Gross SF
29,113
Price/Gross SF
$370.97
Lot Size
0.83 acres
Year Built
1972
Rentable SF
29,113

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 3375 Whittier Ave, Saanich, B.C. (the “Subject Property”). The Subject Property represents an opportunity to secure a two-storey income-producing building, comprised of light industrial and office space, conveniently located in the Uptown neighbourhood of Saanich. Professionally managed, well-maintained and continually updated & upgraded, the property represents a stable investment secured by a diverse tenant base in a rapidly growing and evolving area that is positioned as the heart of the Capital Region.

Investment Highlights

  • 100% leased, light industrial and professional office building, with ground floor warehouse and office space, and second floor offices complete with two roof top decks
  • Property sits within the council approved Uptown Douglas Plan, which supports high density multifamily and commercial development promoting the area as the city core of Saanich
  • Centrally located with easy access to Hwy 1 (Douglas Street) and Hwy 17 (Blanshard Street)
  • Originally built in 1974, with major renovation in 1994, the building systems and structures have been updated through time including electrical (1994), roofs (2013 & 2014), HVAC (ongoing) and windows (2008)
  • Directly adjacent to Abstract Development's recently completed six storey 95 unit multifamily rental development, the Subject Property is nearby parks, world class trail network (Galloping Goose) and Uptown Shopping Centre

Exclusively Listed By

Vacant-User

3375 Whittier Avenue

Listing Price: $10,800,000

Cap Rate
4.00%
Gross SF
29,113
Price/Gross SF
$370.97
Lot Size
0.83 acres
Year Built
1972
Rentable SF
29,113

Investment Highlights

  • 100% leased, light industrial and professional office building, with ground floor warehouse and office space, and second floor offices complete with two roof top decks
  • Property sits within the council approved Uptown Douglas Plan, which supports high density multifamily and commercial development promoting the area as the city core of Saanich
  • Centrally located with easy access to Hwy 1 (Douglas Street) and Hwy 17 (Blanshard Street)
  • Originally built in 1974, with major renovation in 1994, the building systems and structures have been updated through time including electrical (1994), roofs (2013 & 2014), HVAC (ongoing) and windows (2008)
  • Directly adjacent to Abstract Development's recently completed six storey 95 unit multifamily rental development, the Subject Property is nearby parks, world class trail network (Galloping Goose) and Uptown Shopping Centre

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 3375 Whittier Ave, Saanich, B.C. (the “Subject Property”). The Subject Property represents an opportunity to secure a two-storey income-producing building, comprised of light industrial and office space, conveniently located in the Uptown neighbourhood of Saanich. Professionally managed, well-maintained and continually updated & upgraded, the property represents a stable investment secured by a diverse tenant base in a rapidly growing and evolving area that is positioned as the heart of the Capital Region.

Exclusively Listed By

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