Mid Island Portfolio
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Transcript of Mid Island Portfolio
AN INVENTORY
OF AVAILABLE SALE & LEASE
OPPORTUNITIES THROUGHOUT
THE MID - ISLAND REGION
COLLIERS INTERNATIONAL • NANAIMO335 Wesley Street • Suite 207Nanaimo, BC • V9R 2T5
PH: +1 250 740 1060 FAX: +1 250 740 1067www.colliers.com/victoria
MID
ISLA
ND
PO
RTFO
LIO
NANA
IMO
BC
S O L D
►► Wellington►Court►Retail►Centre►► 55,000►SF►on►4.22►acres►► 7.4%►cap►rate►►► Five►new►long►term►tenants►anchored►by►
Wholesale►Sports►► $11,200,000
4900 Wellington Road
►► For►Sale/Lease►►► High►exposure►investment/lease►opportunity►on►
the►Island►Highway►► Triple►A►tenant:►White►Spot►► 34,854►SF►site►and►6,967►SF►of►building►in►two►
pads►► $2,500,000►► Lease►rate►$45.00►per►SF►pad►ground►floor►(1,258►
SF);►$22.00►per►SF►second►floor►(1,018►SF)
130 Terminal Avenue North
►► Comprehensive►development►site►in►the►heart►of►downtown►Nanaimo►close►to►Port►Place►Mall►and►adjacent►to►the►new►cruise►ship►terminal
►► 53.65►acres►of►which►+/-►20►acres►is►available►for►development
►► Current►zoning:►P-4►Transportation►Zone►and►I-4►Heavy►Industrial►Zone
►► $7,900,000
CP Lands, 7 Port Way and 1161 Milton Street (Wellcox Railyard Lands)
2229 Boxwood Road►► Total►of►21►acres►► Potential►for►“Neighbourhood►Village”►
designated►under►OCP►► Under►RM-3►zoning►may►allow►for►up►to►224►
townhouses►► Geothermal►potential►► $3,360,000
U N D E R
C O N T R AC T
U N D E R
C O N T R AC T
NANA
IMO
BC
2241 Bowen Road & 2230 Boxwood Road►► 7.56►acres►zoned►RM-5►+►0.94►acres►zoned►C-4►► Up►to►138►residential►units►permitted►► C-4►site►allows►for►most►commercial►uses►► $2,650,000
S O L D
2560 Bowen Road►► Prime►central►Nanaimo►industrial►property►► 4.85►or►6.95►acres►zoned►I-3►(general►
industrial)►► 88,000►SF►of►industrial►building►space►► 14,000►SF►of►office►► Extensive►fully►fenced►yard►► Island►Highway►exposure►► List►price:►$2,950,000►for►4.95►acres
S O L D
►► 19,114►SF►main►building►► 2,134►SF►ancillary►building►►► Fully►leased►to►national►tenant►► Over►$1►million►in►improvements►three►years►ago►► Future►development►potential►► $2,650,000
250 Albert Street
►► Located►in►Duke►Point►Industrial►Park►► Two►legal►lots►of►5.5►acres►each►► Can►be►purchased►separately►or►together►► $2,920,000
Lots 4 & 5 - 975 Jackson Road
NANA
IMO
BC
►► 0.90►acre►multifamily►development►site►► Mountain►views►► DP►approved►for►10►unit►triplexes►or►potential►for►40►
condos►► $480,000
865 Albert Street & 510 Machleary Street
2375 Hayes Road►► 10,000►SF►high►exposure►building►on►1.5►
acres►►► Storefront►retail►showroom►space►with►high►
ceilings►and►mezzanine►office►► Extensive►parking►surrounding►the►building►► Complete►with►5►automotive►service►bays►► $10.00►per►sq.►ft.►net
►► High►traffic►commercial/retail►core►of►downtown►Nanaimo
►► Brand►new►retail/office►in►Conference►Centre►block►► Join►Serious►Coffee,►IRIS,►and►Coast►Capital►
Insurance►► Base►rent►from►$15.00►per►SF►with►T.I.►package►► Units►available►from►1,284-3,400►SF
Vancouver Island Conference Centre
►► Located►in►Duke►Point►Industrial►Park►► Paved►site►► Several►on-site►buildings►► $1,625,000
Lot 3 - 975 Jackson Road S O L D
NANA
IMO
BC
►► 5►units►available►from►550-2,447►SF►► 6►storey►professional►building►► Excellent►parking►ratio►► From►$12.00►per►SF►net
495 Dunsmuir Street
Metral Station►► Join►Marks►Work►Warehouse,►First►Choice►
Haircutters,►Starbucks►and►more►► Excellent►exposure►to►the►Island►Highway►► 4,741►SF►CRU►available►► $26.00►SF►net►► Estimated►$13.50►per►SF►additional►rent
►► High►visibility►retail►mall►on►Island►Highway►in►Central►Nanaimo
►► 1,252-1,675►SF►new►retail►space►available►► Anchored►by►Bank►of►Montreal►and►Government►
Liquor►Store►► Shadow►anchored►by►Save►On►Foods►► From►$16.00►SF►net►rate►and►$8.56►per►SF►
additional►rent
Terminal Mall
►► Excellent►exposure►to►Island►Highway►► 1,707►SF►end►cap►unit►available►► Notable►tenants►include:►Earls,►Tim►Hortons,►
HSBC,►and►General►Paint►► $17.00►per►SF►net►► Additional►rent►estimated►at►$7.65►per►SF
Rock City Centre
NANA
IMO
BC
►► Retail►centre►undergoing►major►renovation►and►new►construction
►► Located►on►busy►intersection►near►University►► Rate►from►$20.00►per►SF►net►► Units►available►from►1,100-2,000►SF►► Anchored►by►Quality►Foods►and►Shoppers►Drug►
Mart
University Village (5th St and Bruce)
►► Located►across►street►from►Woodgrove►Centre►mall►► From►5,000-32,000►SF►available►► New►retail/wholesale►space►in►development►► Three►dock►level►doors►and►22’►ceilings►► From►$13.75►per►SF►net
6461 Metral Drive
Longwood Station►► “Village”►style►neighbourhood►shopping►centre►► Located►on►busy►Island►Highway►retail►corridor►in►
North►Nanaimo►► 1,237►SF►unit►available►► Asking►$30.00►per►SF►net►with►T.I.►package►► Tenants►include:►►Boston►Pizza,►TD►Canada►Trust,►
Thrifty►Foods
f U L Ly L E A S E D
►► Located►in►Aulds►Corner►Centre►► 4,225►SF►of►prime►retail►space►► Excellent►exposure►► Free►standing►building►located►in►
Woodgrove►area►of►North►Nanaimo►► Asking►net►lease►rate►is►$22.00►per►SF
Aulds Corner - 6550 Metral Drive L E A S E D
NANA
IMO
BC
►► Freestanding►building►on►high►exposure►intersection
►► Downtown►Nanaimo►across►from►new►Convention►Centre
►► Large►private►parking►lot►► Up►to►19,600►SF►on►two►floors►► $12.00►net►and►$5.00►additional►cost►► Owner►will►consider►new►“build-to-►suit”
9 Commercial Street
►► Retail►Centre►located►in►South►Nanaimo’s►rapidly►►growing►commercial►node
►► Up►to►3,000►SF►“build-to-suit”►pad►next►to►Tim►Hortons
►► From►$25.00►per►SF►net
Southgate Mall
►► Brand►new►retail►development►► Prominently►located►along►Bowen►Road,►one►of►
Nanaimo’s►main►traffic►corridors►► Various►units►sizes►and►pads►available►► Excellent►access►and►egress►► Ample►parking►► Asking►rate►from►$25.00►per►SF►net
Westhill Shopping Centre
►► 1,153►SF►office/retail►unit►in►mixed-use►building►► Well-located►in►central►Nanaimo►► Easy►and►quick►access►to►Island►Highway►► $1,250►per►month►gross►rent►+►HST
3148B Barons Road
NANA
IMO
BC
►► Attractive►office/retail►space►for►lease►in►Old►City►Quarter►adjacent►to►downtown►core►of►Nanaimo
►► Ground►floor►courtyard►units►asking►$14.50►per►SF►net
►► 2nd►floor►office►space►asking►$12.50►per►SF►net►►► Unit►sizes►range►from►approx.►527-1,177►SF►with►
potential►for►larger►space►up►to►2,089►SF►► Close►to►all►amenities►and►transportation►routes
335 Wesley Street
►► Nicest►office►space►in►Nanaimo!►► 4,517►SF►of►5th►floor►office►space►► Spectacular►views►and►1st►class►tenant►
improvements►► Award►winning►state-of-the-art►building►► Asking►rate►is►$20.00►per►SF►net
Suite #500 - 345 Wallace Street
►► 5,000►SF►freestanding►building►in►immediate►proximity►to►Nanaimo’s►downtown►core
►► Property►features►dedicated►parking►area►► Excellent►visibility►► Asking►rate►from►$10.00►per►SF►net
350 Albert Street
►► For►Sale►or►Lease►► Freestanding►4,000►SF►office►building►in►downtown►
Nanaimo►► Mixture►of►open►and►enclosed►offices,►and►open►
mezzanine►area►► 21►parking►stalls►► Excellent►exposure►directly►on►Island►Highway/Nicol►
Street►► $749,000►► $13.00►per►SF►net
41 Nicol Street
C
OWIC
HAN
VAL
LEY
& D
UNC
AN B
C
►► One►of►Vancouver►Island’s►oldest►pubs/inns►► Comprises►11►hotel►rooms,►pub,retail►liquor►store►► Additional►two►residential►suites►► On►0.95►acres►of►land►► $1,825,000
Horseshoe Bay Inn, Chemainus
S O L D
►► Retail/office►plaza►for►sale►► Three►commercial►buildings►totaling►12,771►SF►
on►1.32►acres►► Ample►parking►►► Central►Duncan►location►on►Trans►Canada►
Highway►► Five►tenants►including►A&W►► $2,275,000
5838 Trans Canada Highway, Duncan
►► 220►acre►residential►development►site►► Zoning►and►PLAs►in►place►permitting►residential►
lots,►each►2.5►acres►► Located►20►km►east►of►the►town►of►Lake►
Cowichan►and►7►km►west►of►the►City►of►Duncan►► $4,500,000
Inwood Creek Estates - Phase II, Duncan, BC
LOT 5
LOT 4
LOT 1
LOT 2
LOT 3
LOT 3
LOT 4LOT 5
LOT 6
LOT 7
LOT 8PARK
Issued ForDateNo.1
COPYRIGHT RESERVED. THESE PLANS AND DESIGNS ARE AT ALL TIMES THE PROPERTY OF THE DESIGNER TO BE USED FOR THE PROJECT SHOWN. WRITTEN CONSENT IS REQUIRED FROM THE DESIGNER BEFORE ANY REPRODUCTION.
project title
drawingno.
drawing title
project no.
checked by:design/ drawn by:
scale:
L1.01
L1.0
1
07-3-019-001
client
CH
April 2009 Client Review
Stamp:
3L -Development
Proposed PlanInwood Creek EstatesPhase Two51 % PARK
1:2500
2
3
July 2009 Client Review
May 2010 Client Review
Exist
ing R
oad
Existing Road
0 50 100 150 200 M
CURR
IE C
REEK
FSR
POLLOCK ROAD
ELK MEADOW
COWICHAN VALLEY HIGHWAY
EXISTING PHASE ONECLEMENTS ROAD
ROAD 'B'
ROAD 'A'
20 m ROW25 m ROW
HORSE PASTURE
ROAD 'A'
Phase 2A
Phase 2B
123
4567
8
9
10
11
12
1314
15 16 17
1819
20 21 2223
2425
1
2 3 4
56
7
8
9
10
13
14
15
16
11
12
435 Trunk Road, Duncan►► Duncan’s►landmark►40,000►SF►office►building►► Just►off►the►Trans►Canada►Highway►in►Duncan’s►
commercial►core►► Excellent►visibility►and►accessibility►► Extensive►parking►► $2,250,000
S O L D
C
OWIC
HAN
VAL
LEY
& D
UNC
AN B
C
►► Stunning►23.7►acre►multifamily►development►site►► Panoramic►ocean/island►views►► Phase►3►of►“Seaside►Acres”►development►► Potential►for►up►to►300►units►► Lot►1:►$1,150,000►► Lot►2:►$1,300,000
Seaside Acres, Ladysmith
►► Office/retail►building►in►downtown►core►► 2,003►SF►ground►floor►retail►available►at►$10.00►
per►SF►► 2,609►SF►2nd►floor►office►available►at►$9.00►per►
SF►► Operation►costs►are►$4.42►per►SF►► Building►also►available►for►sale►at►$1,475,000
55 Canada Avenue, Duncan
►► Two►buildings►on►±3.5 acres of useable land within Chemainus Industrial Park
► ±11,640►SF►of►warehouse►and►office►space►in►main►building►fronting►Smiley►Road►featuring►max.►ceiling►clear►height►of►16’
► ±5,300►SF►warehouse/shed►with►a►max.►ceiling►clear►height►of►14’
►► $1,700,000
9394 Smiley Road, Chemainus
►► Court►Ordered►Sale►below►assessed►value►► 27,154►SF►office/retail►building►► Significant►upside►potential►► Opportunity►to►buy►out►land►lease►► $1,049,000
225 Canada Avenue, Duncan S O L D
C
OWIC
HAN
VAL
LEY
& D
UNC
AN B
C
►► 11,360►SF►building►with►accessory►storage►improvements
►► Located►on►1.47►acres►of►industrial►land►in►close►proximity►to►the►Trans►Canada►Highway
►► Predominantly►steel►frame►and►cladding►with►a►max.►ceiling►height►of►16’
►► Property►is►currently►improved►with►a►custom►sawmill►operation
►► $675,000
3400 Smiley Road, Chemainus
►► 10,000►SF►mixed-use►►► Approved►DP►for►4►storey►building►comprising►
15►residential►units►and►3►commercial►units►► Fantastic►ocean/island►views►► $399,000►$320,000
Lot f, Joan Avenue, Crofton R E D U C E D
►► The►York►Professional►Centre►► 3-storey►12,005►SF►office►building►► 17►secure►above-ground►parking►► Priced►well►below►replacement►cost►► $895,000
5878 york Road, Duncan
►► Located►in►a►popular►summer►tourist►destination►and►in►close►proximity►to►Lake►Cowichan,►the►second►largest►fresh►water►lake►on►Vancouver►Island
►► 30►unit►motel►► Excellent►visibility►on►main►thoroughfare►► $900,000
Cowichan Lake Lodge, Lake Cowichan S O L D
►► 48,000►SF►retail►development►on►Trans►Canada►Highway
►► Units►available►up►to►2,200►SF►and►freestanding►pad►up►to►2,500►SF
►► Direct►exposure►and►great►access►from►highway►► Anchored►by►Shoppers►Drug►Mart,►Blockbuster,►
BC►Liquor►Store►► Asking►net►lease►rates►from►$25.00►SF
Coronation Mall, Duncan
Coronation Mall, Ladysmith►► Ladysmith’s►major,►high►visibility►retail►mall►located►on►
the►Island►Highway►► 1,150-2,750►SF►available►in►4►units►► Anchored►by►Safeway,►BC►Government►Liquor►Store,►
and►Rexall►Drugs►► Lease►rates►from►$16.00►per►SF►net
C
OWIC
HAN
VAL
LEY
& D
UNC
AN B
C►► Freestanding►building►in►high-exposure►location►
along►Trans►Canada►► Storefront►retail►showroom►space►with►high►
ceilings►► Large►private►parking►lot►► Space►available►from►4,000-10,000►SF►with►
mezzanine►► $13.00►per►SF►asking►rate►and►$2.50►per►SF►
additional►rent
5239 Trans Canada Highway, Duncan
9764 Willow Street, Chemainus►► 5,358►SF►of►retail►storefront►space►located►in►downtown►
Chemainus►with►units►ranging►from►980-3,858►SF►► Located►on►a►busy►thoroughfare►and►a►main►retail►
corridor►► Excellent►amenities►in►the►immediate►area►► Ample►parking►► Asking►net►lease►rates►from►$11.00►per►SF
►► ►Retail►warehouse►building►totaling►9,000►SF►over►two►floors
►► ►In►heart►of►Ladysmith’s►downtown►core►► ►Excellent►storefront►exposure►and►access►to►►►
►Island►Highway►half►a►block►away►► ►For►Sale►or►Lease►► ►$549,000►► ►$7.00►per►SF►net
11 High Street, Ladysmith
COW
ICH
AN V
ALLE
Y &
DU
NCAN
BC
►► Industrial►lots►available►from►0.5-3.0►acres►► Located►4►km►northwest►of►downtown►Duncan►
and►just►a►few►kilometres►from►the►Trans►Canada►Highway
►► Prices►range►from►$10.00-$12.00►per►SF
Tansor Industrial Park, Duncan
►► The►York►Professional►Centre►► Attractive►office►space►centrally►located►in►
Duncan►► 3,700►SF►available►on►the►1st►floor►► 2,695►SF►available►on►the►3rd►floor►► Secure►above-ground►parking►available►► Asking►net►lease►rates►from►$8.00►per►SF
5878 york Road, Duncan
PARK
SVIL
LE &
QUA
LICU
M B
C►► Fully►Serviced►Multifamily►or►seniors►
Development►Site►► Approved►for►266►units►► Total►of►7.57►acres►with►3►street►frontages►► Over►$1.7►million►in►off►site►work►completed►► Full►package►available►► $5,350,000►$4,950,000
371 Alberni Highway
►► Prime►6►acre►Parksville►development►site►► City►of►Parksville►supportive►of►rezone►to►
commercial►use►► Immediately►adjacent►to►Island►Highway►with►
excellent►exposure►► Minutes►from►downtown►Parksville►► $1,200,000
1180 Resort Drive
►► Excellent►access►to►the►Trans►Canada►Highway►and►prominent►frontage►on►three►streets
►► IN2J►zoning►► 2.21►acre►site►with►four►one-storey►multi-tenant►
industrial►buildings►► Twenty►separate►commercial►units►totaling►
34,224►SF►► $2,541,000
Arbutus Industrial Park, Parksville
►► Owner►operator►opportunity►► 23-room►motel►located►on►the►Island►Highway►in►
downtown►Parksville►core►► Holding►income►from►existing►restaurant►lease►► Excellent►visibility►and►proximity►to►all►local►
amenities►► Not►currently►operating;►requires►some►capital►
expenditure►► $999,000
272 West Island Highway
R E D U C E D
►► New►19,000►SF►industrial►building►in►Parksville►Industrial►Park
►► Individual►units►available►at►1,500►SF;►3►of►which►can►be►combined►for►up►to►4,500►contiguous►SF
►► Excellent►access►to►Island►Highway►► Heat,►lights,►grade►level►overhead►door,►power►
sockets,►washrooms►provided►► Asking►net►lease►rate►of►$6.75►per►SF
1120 Industrial Way
PARK
SVIL
LE &
QUA
LICU
M B
C
►► New►retail►at►prestigious►Beach►Club►Resort►in►downtown►Parksville
►► Up►to►6,000►SF►of►retail►available►in►free►standing►building
►► 4,500►SF►pub/restaurant►building►also►available►► Features►direct►exposure►and►access►to►busy►
Island►Highway►► Generous►inducements►available►► Asking►net►lease►rates►of►$16.00►per►SF
The Beach Club, Parksville
►► Units►range►from►1,880►-►4,686►SF►► Ground►level►overhead►doors►to►each►unit►► Excellent►access►to►Island►Highway►► Asking►net►lease►rates►from►$6.50►per►SF
Arbutus Industrial Park, Parksville
1009 Herring Gull Way►► 1,844►SF►office►unit►available►► Located►in►Parksville’s►mixed-use►service/
industrial►area►near►Inland►Highway►► Superior►finished►office►including►boardroom,►
open►and►enclosed►offices,►and►reception►► For►sub-lease►at►$8.50►per►SF►net
COU
RTEN
AY &
CO
MOX
BC
►► Aspen►Grove►Shopping►Centre►►► 1,530-3,640►SF►of►retail►space►available►► ►New►retail►centre►adjacent►to►Quality►Foods►► ►Great►storefront►exposure,►parking►and►access►► ►Asking►net►lease►rates►from►$20.00►per►SF
Aspen Grove Centre - 2225 Guthrie Road
►► 4,551►SF►of►retail/office►space►for►lease►► Space►may►be►demised►into►units►ranging►in►
size►from►550-4,551►SF►► Located►on►the►main►commercial►artery►in►
downtown►Courtenay►► Asking►net►lease►rate►of►$11.00►per►SF
Riverside Professional Centre, Courtenay
► ±7.88►acre►waterfront►site►+►0.5►acre►Crown►grant►portion
►► Possibly►the►best►mixed-use►site►in►the►City►► Comprehensive►Information►Memorandum►will►
be►made►available
1901 Comox Road, Comox
► Preleasing for exceptional new retail development
► Prominent location at major Ryan Road and Lerwick Road intersection
► Various unit sizes and pads/drive thru available ► Excellent exposure and access/egress ► Anchored by Thrifty Foods grocery store ► Asking rates from $30.00 per SF net
Crown Isle Shopping Centre
NORT
H IS
LAND
& C
AMPB
ELL
RIVE
R BC
808 South Island Highway, Campbell River►► ►1.28►acre►multifamily►development►site►► ►Directly►across►Island►Highway►from►
waterfront►► ►Drawings►for►44►units►with►u/g►parking►
available►► ►RM-3►zoning►► ►Minutes►from►downtown►Campbell►River►► ►$795,000
850 Dogwood Street, Campbell River►► ►1►acre►multifamily►development►site►► Immediately►proximal►to►downtown►Campbell►
River►► Potential►water►views►► Suitable►for►three►to►six►storey►residences►► RM-3►zoning►► $600,000►$585,000
875 Petersen Road, Campbell River►► 11.9►acre►multifamily►development►site►► Close►to►downtown►Campbell►River►► Features►water►views►► Development►and►Building►Permits►in►place,►
plus►drawings►for►59►units►► RM-1►zoning►► $1,850,000►$1,825,000
R E D U C E D
R E D U C E D
PORT
ALB
ERNI
& W
EST
COAS
T BC
Ocean Village Beach Resort, Tofino►► Total►of►40►strata►lots►and►51►units►► 5.975►acres►of►oceanfront►► Established►destination►resort►► Located►on►Mackenzie►Beach
S O L D
120 4th Street, Tofino ► Excellent mixed-use investment opportunity ► Located in the heart of the downtown core ► 8 units, 6,528 SF building ► Fully leased - 7% cap rate ► $1,950,000
S O L D
81 West Street, Tofino ► Award-winning “Whalers on the Point Guesthouse” ► 60-bed hostel located in downtown Tofino ► Breathtaking views of the Pacific Ocean and Clayoquot
Sound ► Consistent net income which has increased in recent
years ► $3,850,000
324 forbes Road, Ucluelet ► New, high quality mixed-use property on ¾ acre at the
edge of downtown core. ► 8 industrial/commercial units and 2 residential units
comprising 7,020 net rentable SF ► Currently 100% occupied ► $749,000 (actual cap rate of 8.4%) ► Potential for up to 26,000 SF of additional development
PORT
ALB
ERNI
& W
EST
COAS
T BC
1971 Harbour Crescent, Ucluelet ► 2,310 SF strata unit outfitted and operated previously as
a 150 person capacity restaurant ► Unit is improved to a superior standard ► Located within the 80-suite Water’s Edge Resort
development in Ucluelet, BC ► 1,220 SF deck ► Includes restaurant-related chattels and fixtures ► $449,000
CONT
ACTS
BC
JASON WINTON
Ph: +1 250 740 1060 ext. 2223or +1 250 722 0331
Cell: +1 250 756 6292Fax: +1 250 740 1067
BRAD BAILEy Ph: +1 250 740 1060 ext. 2222
Cell: +1 250 618 8170Fax: +1 250 740 1067
Colliers International - Nanaimo335 Wesley Street • Suite 207Nanaimo, BC • V9R 2T5Ph: +1 250 740 1060 • Fax: +1 250 740 1067
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BRAD ARCHIBALD Ph: +1 250 740 1060 ext. 2224
Cell: +1 250 618 3191Fax: +1 250 740 1067