|
|
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)
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.”
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)
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Services
- -
- -
- -
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.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Services | - | - | - |
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Calypso Trail | Six Mile Road | 3,054 | 2020 | 1.16 mi |
| Six Mile Road | Trans-Canada Highway | 1,661 | 2020 | 1.24 mi |
| Veterans Memorial Parkway | Sooke Road, S | 28,500 | 2021 | 1.41 mi |
| Trans-Canada Highway | Bellamy Road | 6,738 | 2018 | 1.44 mi |
| Thetis I/C (Colwood Bridge West End) | Island Hwy, E | 36,778 | 2023 | 1.45 mi |
| Watkiss Way | Francis View Drive | 8,529 | 2020 | 1.61 mi |
| Burnside Road West | Galloping Goose Regional Trail | 7,128 | 2020 | 1.73 mi |
| Trans-Canada Highway | Old Island Hwy, W | 44,741 | 2022 | 1.79 mi |
| McCallum Road | Savory Road | 32,935 | 2019 | 2.21 mi |
| Trans-Canada Highway | Leigh Road | 2,128 | 2020 | 2.51 mi |
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
Site Plan
Strata Plan