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4,315 SF Strata Retail/Warehouse 1830 Island Hwy 4,315 SF 100% Leased Retail Building Colwood, BC V9B 1J2 $1,590,000 CAD ($368.48 CAD/SF)

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INVESTMENT HIGHLIGHTS

2,672 SF retail showroom/warehouse
Two roll-up 10x12 bay doors
Five parking spaces

1,643 SF mezzanine office and storage area
Four private offices

EXECUTIVE SUMMARY

The property represents a rare opportunity to purchase a 4,315 SF retail strata warehouse constructed in 1981, with a 1,643 SF mezzanine office and storage area (660 SF and 983 SF respectively), and a 2,672 SF retail showroom/warehouse area on the main floor. The showroom area has small kitchenette, washroom, and four offices. The Warehouse is serviced by two roll-up 10x12 bay doors. There are a total of five strata units in the complex – known as the Pacific Rim Center on the Colwood strip – and the property is zoned CS-1 (service commercial). The City of Colwood Official Community Plan designates the existing use for the property as “Colwood Corners, Commercial.”

102A 1830 Island Highway - Marketing Brochure

CS-1 Zoning Bylaw

102A 1830 Island Highway - Title

PROPERTY FACTS

Sale Type

Investment or Owner User

Sale Condition

Bankruptcy Sale

Property Type

Retail

Property Subtype

Auto Repair

Building Size

4,315 SF

Year Built

1981

Price

$1,590,000 CAD

Price Per SF

$368.48 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Zoning

CS1 - Service Commercial

Parking

30 Spaces (6.95 Spaces per 1,000 SF Leased)

Bus Line

Signage

MAJOR TENANTS

Services
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Midas is one of the world's largest providers of automotive service, including brake, maintenance, tires, steering, suspension, and exhaust services. In April 1956, Midas began life as a groundbreaking auto repair outlet with a reputation for service, quality, and reliability. Now after more than 60 years, the success story continues thanks to the tireless efforts of Midas franchisees and employees, whose neighborhood focus and day-to-day involvement fuel the worldwide appeal of their famous brand. Today more than ever, you can rely on them for expert brake repair, scheduled car maintenance, exhaust repair, new tires, oil change, steering repair, suspension systems repair, wheel alignment, and more.