Mid-Island PortfolioColliers International 335 Wesley Street, Suite 207 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.colliers.com/victoria
A COLLECTION OF SALE AND LEASE LISTINGS IN THE MID-VANCOUVER ISLAND REGION
MID-ISLAND PORTFOLIO | JUNE 2012
> 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 > A to-be subdivided 3 acres with frontage on Front Street also
available > $7,900,000
CP Lands, 7 Port Way and 1161 Milton Street (Wellcox Railyard Lands)
> 29,719 SF retail centre located in central Nanaimo > Shadow anchored by Save-On Foods and Terminal Park Mall > Tenants include Bank of Montreal, BC Liquor Store, and Cobs Bread > 1.85 acres > 75 Parking stalls
Terminal MallS O L D
> 32,381 SF retail strip centre in North Nanaimo for sale > Excellent visual exposure and frontage on the Island Highway > Great access/egress with two fully signalized intersections > Anchored by Mark’s Work Warehouse and tenanted by First Choice
Haircutters, Little Caesars, Subway, Herbal Magic, The Cash Store, Pro Stitch, and Bark & Fitz
Metral StationJ UST
L I S T E D
> Six-storey commercial office/retail building, adjacent ancillary two-floor commercial building undergoing renovations, and surrounding parking lots for sale
> Strategically located downtown featuring easy access to all major transportation routes, ample parking, and good tenant mix
> Total rentable area of 65,578 SF on 2.15 acres of land > $7,200,000 (Actual cap rate of 6.72%)
Dunsmuir Place Portfolio, NanaimoS O L D
Nanaimo, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> 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
1961 Zorkin Road > Oceanfront site with water lot > Mixed use development site directly adjacent to the Departure Bay
Ferry Terminal (BC Ferries) > ±4.96 acres of fee simple and ±3.3 acres of leased foreshore > Unparalleled views of Departure Bay and Newcastle Island and
close to Nanaimo’s commercial amenities and transportation routes > $6,000,000
> Nanaimo Mixed-use development site > 8.91 acres total with ±4.3 acres developable after watercourse
setbacks > One block from South Parkway Plaza, Southgate Shopping Centre,
and Country Grocer > $2,490,000
1336, 1340, 1344, 1348 South Island Highway
Nanaimo, BC
> ±14 acres zoned heavy industrial > Located in the Duke Point Industrial Park in close proximity to the BC
Ferry terminal and all major transportation arteries > Can be mined for approx. 100,000 tonnes of crushed gravel > Tenant on 1 acre paying $1,800 per month > $1,800,000
960 Jackson RoadR E D U C E D
MID-ISLAND PORTFOLIO | JUNE 2012
> Single-tenanted investment property in central Nanaimo > 15,126 SF lease with Nanaimo Athletic Club expiring Jan. 31, 2015 > Extensive renovation completed > 7.9% cap rate on actual 2011 net income > $1,899,000
1451 Bowen Road
> Proposed 51-unit multi-family development site on 0.91 acres with a development permit in place
> Located in the heart of north Nanaimo surrounded by newly developed and mature residential neighbourhoods
> Close to all major shopping centres, including Woodgrove Centre, Metral Station, Longwood Station, and Northridge Village
> $1,099,000
5085 Uplands Drive
> 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 $1,995,000 > $45.00 $35.00 per SF pad ground floor (1,258 SF)
130 Terminal Avenue NorthU N D E R
C O N T R AC T
> ±6,000 SF two-storey office for sale or lease in central Nanaimo > Located adjacent to Terminal Park Shopping Centre and close to
the Departure Bay BC Ferry Terminal > Built in 1976 and features fenced parking with 13 stalls > $13.00 per SF net lease rate or; > $1,500,000 sale price
711 Poplar StreetJ UST
L I S T E D
Nanaimo, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> Two units available > ±3,000 SF ground floor commercial strata unit for sale or lease > High visibility location along Mostar Road just 1 block west from the
Island Highway and less than 1 km east of the Nanaimo Parkway > Lease rates from $22.00 per SF net > Sale Price from $299.00 per SF
North Parkway Centre
Metral Station > Join Marks Work Warehouse, First Choice Haircutters, Starbucks
and more > Excellent exposure to the Island Highway > 4,741 SF CRU available (can be demised) > 1,014 SF end cap unit > From $26.00 per SF net > Estimated $14.21 per SF additional rent
> Brand new development > Freestanding pads available of approximately 3,974 and 2,600 SF;
demisable to 911 SF > Located in North Nanaimo’s Woodgrove Regional Town Centre > Outstanding visual exposure to the Island Highway > $22.00 per SF net
6470 Metral DriveU N D E R
C O N T R AC T
Nanaimo, BC
> 1.55 acres of heavy industrial land located in Duke Point Industrial Park
> 3,024 SF cover-all structure comprised of aluminum and canvas covering
> Three phase 600 amp/600 volt underground power > $575,000
1041 Maughan Road
MID-ISLAND PORTFOLIO | JUNE 2012
> 5 office spaces available from 550-2,447 SF > 6 storey professional building > Best value in Nanaimo > From $12.00 per SF net > Generous tenant inducements available
495 Dunsmuir Street
> Unit 3 - 5,100 SF service commercial/distribution warehouse > Unit 7 - 2,586 SF service commercial/distribution warehouse > Excellent visual exposure to the Mostar Road connector > Great access/egress to the Nanaimo Parkway and the Island
Highway > $10.50 per SF net > Estimated additional rent $3.50 per SF
Units 3 & 7 - 4151 Mostar RoadJ UST
L I S T E D
> 2,779 SF 4th floor office with views of downtown Nanaimo > Located on prominent intersection of Wallace Road and Fitzwilliam
Street > Comprised of reception area, boardroom, 8 offices, production
room, kitchenette, and ample storage space > $11.50 per SF net > Estimated additional rent $8.05 per SF
Unit 410 - 256 Wallace RoadJ UST
L I S T E D
> High traffic commercial/retail core of downtown Nanaimo > 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
Nanaimo, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> Newly renovated retail centre > Located on busy intersection near University > Rate from $18.00 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)
> New north Nanaimo retail centre > Ideal site location in close proximity to Woodgrove Regional
Shopping Centre > From 1,100-19,370 SF available > 124 parking stalls
6461 Metral Drive
Longwood Station > “Village” style neighbourhood shopping centre > Located on busy Island Highway retail corridor in North Nanaimo > 1,609 SF unit available > Asking $30.00 per SF net with T.I. package > Tenants include: Boston Pizza, TD Canada Trust, Thrifty Foods
> High visibility retail mall on Island Highway in Central Nanaimo > 1,252 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 $10.36 per SF additional rent
Terminal Mall
Nanaimo, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> Retail Centre located in South Nanaimo’s rapidly growing commercial node
> Great tenant mix anchored by Rexall and Tim Hortons > Up to 3,000 SF “build-to-suit” pad next to Tim Hortons > From $25.00 per SF net
Southgate Mall
> 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
> 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
> ±5,000 SF repair and maintenance workshop with large 0.75 acre paved yard
> Located in close proximity to Vancouver Island University and downtown Nanaimo
> Property offers perimeter fencing, 3 phase power, four grade level roll up doors, one washroom, office and lunchroom
> $2,500 per month gross plus utilities
321 Watfield RoadJ UST
L I S T E D
Nanaimo, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> 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. 428-3,274 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
> 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
Summerhill Crossing
> Centrally located office/retail centre > Excellent exposure to Nanaimo’s Bowen Road traffic corridor > Units varying in size from 904-2,080 SF > Ample parking > Base rent from $14.00 per SF net > Additional rent estimated at $4.77 per SF
Bowen Centre
Nanaimo, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> 1,500 SF storefront CRU space available > Located in south Nanaimo’s rapidly growing retail enclave > Shadow anchored by the recently completed Country Grocer > $18.00 per SF net > Estimated additional rent is $10.64 per SF
South Parkway Plaza
> High visibility shopping centre in central Nanaimo anchored by Save-On Foods
> Neighbouring tenants include Starbucks, TD Canada Trust, Burger King, Dollarama, and others
> 4,654 SF inline CRU available > 973 SF corner unit available > Base rent from $22.00 per SF net > Additional rent estimated at $7.96 per SF
Terminal Park Shopping Centre
> ±6,000 SF distribution/warehouse space > Two grade level and five dock level roll-up doors > 22-24’ ceiling heights > Base rent is $9.00 per SF per annum > Additional rent estimated at $3.50 per SF per annum
Unit 14B - 4386 Boban Drive
> ±1,000 SF distribution/warehouse space > Visible and accessible from Mostar Road > Base rent is $9.00 per SF per annum > Additional rent estimated at $3.50 per SF per annum
Unit 15 - 4131 Mostar RoadL E A S E D
Nanaimo, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> Build-to-suit opportunity on one of Nanaimo’s main traffic thoroughfares
> Potential for 5,000-16,000 SF of office/retail space available > Lease rate negotiable
1835 Bowen Road
Nanaimo, BC
> 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 CentreL E A S E D
MID-ISLAND PORTFOLIO | JUNE 2012
> 16.91 acre single family residential development site > Approved PLA for 46 single family lots > Located only 1 km from downtown Lake Cowichan and its shops
and services > Surrounded by new and attractive residential development > $1,100,000
Point Ideal, Lake Cowichan
> 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
> 3.07 acre mixed-use development site > Property is adjacent to Cowichan Commons - comprised of retailers
such as Home Depot, Future Shop, Walmart, Rona, and Canadian Tire
> OCP supports mixed-commercial and residential uses > $1,450,000
6472 Paddle Road, DuncanJ UST
L I S T E D
> Court-ordered sale > Property is comprised of 16,020 SF warehouse, 17,468 SF office,
and 4,896 SF office/utility structure on 15.05 acres > C-3 Service Commercial zoning > $2,950,000
7233 Trans Canada Highway, Duncan R E D U C E D
Cowichan Valley & Duncan, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> 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 $277,000-$596,000 $254,000-$537,000
Tansor Industrial Park, Duncan
> 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 > $549,000 $479,000
11 High Street, LadysmithU N D E R
C O N T R AC T
> 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 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
Cowichan Valley & Duncan, BC
MID-ISLAND PORTFOLIO | JUNE 2012
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
Cowichan Valley & Duncan, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> Not currently operating; requires some capital expenditure > 23-room motel located on the Island Highway in downtown
Parksville core > Holding income from existing restaurant lease > Asking price less than land value! > $999,000 $799,000
272 Island Highway West, ParksvilleR E D U C E D
> Court-ordered sale > 20 acre property in north Qualicum Beach > Zoned RM1 - Resource Management 1 > Significant gravel reserve on site > $425,000
Illusion Lake Road, Qualicum Beach
> Industrial bays, office, and storage space for lease > Units 1 & 2 - Two office/utility structures totaling ±1,800 SF and
two storage units located on 0.25 acre fenced compound > Unit 7 - ±2,048 SF open light industrial bays > Units 1 & 2 - $1,400 per month gross plus utilities > Unit 7 - $1,000 per month gross plus utilities
1080 Industrial Way, ParksvilleJ UST
L I S T E D
> 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, Parksville U N D E R
C O N T R AC T
Parksville & Qualicum, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> 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, Parksville
> New retail at prestigious Beach Club Resort in downtown Parksville > Up to 2,000 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
1065 Herring Gull Way, Parksville > Three light industrial warehouse units, each totalling 2,600 SF > Located in Parksville’s industrial/service commercial node > Easy access and egress from Vancouver Island’s major
transportation routes > Some units feature grade level roll-up doors and glass storefront
entrances > Base rent of $6.75 per SF net > Additional rent estimated at $2.36 per SF
Parksville & Qualicum, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> ± 28 acre residential development site > Zoned and approved for up to 128 patio homes > Useable area of approx. 19 acres > Mixed zoning classification of CD-20 and PA-2 > $4,250,000
2498 & 2650 Arden Road, Courtenay
> 10,982 SF government-tenanted office building constructed circa 1994
> Ministry of Family an Children’s Services recently completed five-year lease renewal
> 6.3% cap rate on actual 2011 net income > 39 parking stalls > $2,250,000
2455 Mansfield Drive, CourtenayS O L D
> Proposed 18- and 14-unit townhouse development sites located along Guthrie Road
> 2.19 acres of land composed of two separate properties > Engineering and architect plans available upon request > Approved development permit in place > $1,100,000
1245 & 1263 Guthrie Road, ComoxS O L D
Courtenay & Comox, BC
> ±3.5 acre commercial development site > Located next to large retail centre; tenants include Walmart,
Staples, The Source, Mark’s Work Warehouse, Future Shop and more
> C-2 Commercial zoning allows for a variety of commercial uses and mixed-use developments
> $1,960,000
3040 & 3070 Kilpatrick Avenue, Courtenay
MID-ISLAND PORTFOLIO | JUNE 2012
> Ground floor commercial space in “The Westerly” (Best Western) > Located on the main commercial artery in downtown Courtenay > ±1,500 to 4,000 SF available > $12.50 per SF per annum > $7.50 per SF additional rent
1590 Cliffe Avenue, Courtenay
> Newly constructed 2,950 SF freestanding pad for lease adjacent to Applebee’s restaurant
> In close proximity to large retail enclave includes Walmart, Staples, Future Shop and more
> Provides easy access to downtown Courtenay and the Inland Island Highway
> Base rent is $25.00 per SF per annum > Additional rent is estimated at $8.10 per SF
2930 Kilpatrick Avenue, Courtenay
> High exposure retail shopping centre > 1,001 & 1,738 SF available > Anchored by White Spot, Wendy’s, Tim Horton’s, ICI Paints, and
Lordco Auto Parts > Ample parking > Base rent is $19.00 per SF per annum > Additional rent is $9.41 per SF per annum
Glacierview Plaza, 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 > Site has been remediated to residential standards > $4,250,000
1901 Comox Road, Comox
Courtenay & Comox, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> 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
> 1,229 SF inline CRU unit available > Located at the corner of 17 Street and Cliffe Avenue > Shadow anchored by Safeway; other tenants include Starbucks,
Alberni Outpost, TELUS Mobility, and Iris Optical > $22.00 per SF net > $8.95 per SF estimated additional rent
Courtenay Crossing Shopping Centre
> 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
> 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
Courtenay & Comox, BC
MID-ISLAND PORTFOLIO | JUNE 2012
> Two retail units for lease in downtown Courtenay > 2,602 SF & 2,302 SF units available > 32,295 SF centre anchored by Shoppers Drug Mart > Rates starting from $12.00 per SF net > Additional rent estimated at $5.75 per SF
310 8th Street, CourtenayJ UST
L I S T E D
Courtenay & Comox, BC
MID-ISLAND PORTFOLIO | JUNE 2012
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
North Island & Campbell River, BC
MID-ISLAND PORTFOLIO | JUNE 2012
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
4721 Johnston Road, Port Alberni > Build-to-suit lease opportunity on Port Alberni’s main traffic
thoroughfare > Up to 15,000 SF > High exposure corner site location > From $25.00 per SF
Pacific Rim Shopping Centre, Port Alberni > High exposure retail/office units for lease > 4,941 SF & 2,443 SF available > 80,500 SF centre shadow anchored by Tyler’s No Frills and
Walmart > From $20.00 per SF net > Additional rent estimated at $9.31 per SF
J UST L I S T E D
Port Alberni & West Coast, BC
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 > $3,500,000
MID-ISLAND PORTFOLIO | JUNE 2012
Redford Centre, Port Alberni > High exposure freestanding pad for lease > 4,500 SF available > 19,932 SF centre tenanted by McDonald’s, Domino’s Pizza, Iris
Optical, CitiFinancial, and The Cash Store > From $18.00 per SF net > Additional rent estimated at $7.25 per SF
J UST L I S T E D
Port Alberni & West Coast, BC
MID-ISLAND PORTFOLIO | MAY 2012
JASON WINTON
MAIN: +1 250 740 1060 EXT 2223 +1 250 722 0331
CELL: +1 250 756 6292FAX: +1 250 740 1067
BRAD BAILEY MAIN: +1 250 740 1060 EXT 2222
CELL: +1 250 618 8170FAX: +1 250 740 1067
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Colliers International 335 Wesley Street, Suite 207 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.colliers.com/victoria
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MID-ISLAND PORTFOLIO | JUNE 2012
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