Mid Island Portfolio

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AN INVENTORY OF AVAILABLE SALE & LEASE OPPORTUNITIES THROUGHOUT THE MID - ISLAND REGION COLLIERS INTERNATIONAL NANAIMO 335 Wesley Street Suite 207 Nanaimo, BC V9R 2T5 PH: +1 250 740 1060 FAX: +1 250 740 1067 www.colliers.com/victoria MID ISLAND PORTFOLIO

description

Up-to-date overview of Sale and Lease properties for Mid Island

Transcript of Mid Island Portfolio

Page 1: 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

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►► 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

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U N D E R

C O N T R AC T

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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

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►► 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

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►► 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

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►► 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

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►► 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

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►► 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

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►► 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

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►► 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

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3

July 2009 Client Review

May 2010 Client Review

Exist

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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

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11

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15 16 17

1819

20 21 2223

2425

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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

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►► 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

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►► 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

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►► 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

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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

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►► ►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

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►► 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

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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

Page 15: Mid Island Portfolio

►► 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

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►► 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

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►► 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

Page 17: Mid Island Portfolio

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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

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EST

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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

Page 19: Mid Island Portfolio

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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

Page 20: Mid Island Portfolio

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ACTS

BC

JASON WINTON

Ph: +1 250 740 1060 ext. 2223or +1 250 722 0331

Cell: +1 250 756 6292Fax: +1 250 740 1067

[email protected]

BRAD BAILEy Ph: +1 250 740 1060 ext. 2222

Cell: +1 250 618 8170Fax: +1 250 740 1067

[email protected]

Colliers International - Nanaimo335 Wesley Street • Suite 207Nanaimo, BC • V9R 2T5Ph: +1 250 740 1060 • Fax: +1 250 740 1067

www.collierscanada.comThis document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2010. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement.

BRAD ARCHIBALD Ph: +1 250 740 1060 ext. 2224

Cell: +1 250 618 3191Fax: +1 250 740 1067

[email protected]