FOR SALE
W
ES
T
SA
A
NI
CH
RO
AD
CE
LLA
A
W
D
ROA
Suburban
Shopping Centre
CONTACT US
7103 West Saanich Road,
Victoria, BC
GRAHAM SMITH*
+1 250 414 8390
[email protected]
GRAHAM SMITH*
+1 250 414 8390
[email protected]
Colliers International
1175 Douglas Street, Suite 1110
Victoria, BC V8W 2E1
MAIN: +1 250 388 6454
FAX: +1 250 382 3564
www.collierscanada.com/victoria
OPPORTUNITY
The acquisition of an approximately 21,000-squarefoot shopping centre on an 87,381 square-foot-site
at the key corner of West Saanich Road and Wallace
Drive.
The subject property is located in the beautiful
Brentwood Bay neighbourhood of Central Saanich on
the west side of the Saanich Peninsula.
This 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. This publication is the copyrighted property of Colliers
International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an
existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria). *Personal Real Estate Corporation.
COLLIERS INTERNATIONAL
1175 Douglas Street, Suite 1110
Victoria, BC V8W 2E1
250 388 6454
www.collierscanada.com/victoria
FOR SALE > 7103 West Saanich Road, Victoria, BC
Opportunity
Tenancy
Assessed Values (2014)
The subject property is located in the beautiful Brentwood Bay neighbourhood of Central Saanich on the west side of the
Saanich Peninsula. Brentwood Bay is the primary commercial and residential node for the larger community which, while
having a significant agricultural component, has benefitted from continuing commercial, industrial and residential growth.
In close proximity to the Brentwood Bay commercial core are the Keating Industrial Park and the world renowned Butchart
Gardens both of which provide significant employment opportunities. Brentwood Bay is also home to the B.C. Ferries link to
Mill Bay providing convenient access to Highway 1 north.
The key tenants in the property are a B.C. Liquor store, who have been a
tenant in the project since its construction, Island Savings Credit Union,
Subway, a Canada Post office, and several local businesses.
Land: $3,151,00.00
Improvements: $981,000.00
Total: $4,132,000.00
Approximate lease areas are as follows:
2014 Taxes
The subject property comprises a site size of approximately 87,381 square feet (B.C. Assessment data) at the key corner of
West Saanich Road and Wallace Drive at the southern entrance to the Brentwood Bay commercial core. The site is largely
level and benefits from two convenient access and egress points on Wallace Drive.
TRAFALGAR SQUARE SHOPPING CENTER
COMMERCIAL RENTAL UNIT BREAKDOWN
UNIT #
TENANT
$69,119.00
RENTAL
EXPIRY
RENEWAL
AREA
DATE
OPTIONS
Improvements
1
Island Savings Credit Union
3,519.20
April-18
3 X 5 yrs
2
Vacant
2,597.20
N/A
N/A
3
Subway Sandwich Shop
1,000.00
Jun-22
2 X 5 yrs
The site is improved with a shopping centre constructed in 1978, a paved parking area, extensive signage and a loading area
on the east side of the centre. The subject building has a leasable area of approximately 21,000 square feet with ten CRU
premises. The improvements are reported to be concrete block with brick façade finishes on a concrete grade beam and
slab foundation. The roof is reported to be five years old and is torch on membrane. The electrical service is 1,600 amp.
In addition, the owners had development permit drawings prepared and submitted to the district of Central Saancih for an
exterior upgrade to the centre.
4
Island Tax and Bookkeeping
1,000.00
Feb-17
Nil
5
The Dollar Den
1,000.00
M to M
N/A
6
Pages Used Books
1,000.00
Mar-17
Nil
7
Carnivore Meats
2,000.00
Sep-18
1 X 5 yrs
8
BC Liquor Store
4,921.00
Mar-16
1 X 5 yrs
9
Canada Post Office
1,452.00
Apr-17
1 X 5 yrs
10
Vacant
2,080.00
N/A
N/A
N/A
Renderings
Utility Electrical Room (Est.)
Totals
430.60
21,000.00
Zoning
C-1 Core Commercial Zone: This zoning allows for a wide variety of
uses including, but not limited to retail stores, restaurants, offices, and
assembly uses. The FSR is 1/1.
Site Size
Legal Description
87,381 SF (BC Assessment Data)
Lot A, Section 11, Range 1 East and 1 West, South Saanich District,
Plan 11194, except part in Plan 37636 P.I.D. 005-134-021
Net Operating Income
Current NOI: $312,800.00
Potential NOI: $397,000.00*
*This NOI accounts for the lease up of two
vacancies in the centre comprising approximately
4,677 square feet at a net rental rate of $18.00
per square foot.
Financing
Treat as clear title
Price
Five Million, Five Hundred Thousand dollars
($5,500,000.00)
FOR SALE > 7103 West Saanich Road, Victoria, BC
Opportunity
Tenancy
Assessed Values (2014)
The subject property is located in the beautiful Brentwood Bay neighbourhood of Central Saanich on the west side of the
Saanich Peninsula. Brentwood Bay is the primary commercial and residential node for the larger community which, while
having a significant agricultural component, has benefitted from continuing commercial, industrial and residential growth.
In close proximity to the Brentwood Bay commercial core are the Keating Industrial Park and the world renowned Butchart
Gardens both of which provide significant employment opportunities. Brentwood Bay is also home to the B.C. Ferries link to
Mill Bay providing convenient access to Highway 1 north.
The key tenants in the property are a B.C. Liquor store, who have been a
tenant in the project since its construction, Island Savings Credit Union,
Subway, a Canada Post office, and several local businesses.
Land: $3,151,00.00
Improvements: $981,000.00
Total: $4,132,000.00
Approximate lease areas are as follows:
2014 Taxes
The subject property comprises a site size of approximately 87,381 square feet (B.C. Assessment data) at the key corner of
West Saanich Road and Wallace Drive at the southern entrance to the Brentwood Bay commercial core. The site is largely
level and benefits from two convenient access and egress points on Wallace Drive.
TRAFALGAR SQUARE SHOPPING CENTER
COMMERCIAL RENTAL UNIT BREAKDOWN
UNIT #
TENANT
$69,119.00
RENTAL
EXPIRY
RENEWAL
AREA
DATE
OPTIONS
Improvements
1
Island Savings Credit Union
3,519.20
April-18
3 X 5 yrs
2
Vacant
2,597.20
N/A
N/A
3
Subway Sandwich Shop
1,000.00
Jun-22
2 X 5 yrs
The site is improved with a shopping centre constructed in 1978, a paved parking area, extensive signage and a loading area
on the east side of the centre. The subject building has a leasable area of approximately 21,000 square feet with ten CRU
premises. The improvements are reported to be concrete block with brick façade finishes on a concrete grade beam and
slab foundation. The roof is reported to be five years old and is torch on membrane. The electrical service is 1,600 amp.
In addition, the owners had development permit drawings prepared and submitted to the district of Central Saancih for an
exterior upgrade to the centre.
4
Island Tax and Bookkeeping
1,000.00
Feb-17
Nil
5
The Dollar Den
1,000.00
M to M
N/A
6
Pages Used Books
1,000.00
Mar-17
Nil
7
Carnivore Meats
2,000.00
Sep-18
1 X 5 yrs
8
BC Liquor Store
4,921.00
Mar-16
1 X 5 yrs
9
Canada Post Office
1,452.00
Apr-17
1 X 5 yrs
10
Vacant
2,080.00
N/A
N/A
N/A
Renderings
Utility Electrical Room (Est.)
Totals
430.60
21,000.00
Zoning
C-1 Core Commercial Zone: This zoning allows for a wide variety of
uses including, but not limited to retail stores, restaurants, offices, and
assembly uses. The FSR is 1/1.
Site Size
Legal Description
87,381 SF (BC Assessment Data)
Lot A, Section 11, Range 1 East and 1 West, South Saanich District,
Plan 11194, except part in Plan 37636 P.I.D. 005-134-021
Net Operating Income
Current NOI: $312,800.00
Potential NOI: $397,000.00*
*This NOI accounts for the lease up of two
vacancies in the centre comprising approximately
4,677 square feet at a net rental rate of $18.00
per square foot.
Financing
Treat as clear title
Price
Five Million, Five Hundred Thousand dollars
($5,500,000.00)
FOR SALE
W
ES
T
SA
A
NI
CH
RO
AD
CE
LLA
A
W
D
ROA
Suburban
Shopping Centre
CONTACT US
7103 West Saanich Road,
Victoria, BC
GRAHAM SMITH*
+1 250 414 8390
[email protected]
GRAHAM SMITH*
+1 250 414 8390
[email protected]
Colliers International
1175 Douglas Street, Suite 1110
Victoria, BC V8W 2E1
MAIN: +1 250 388 6454
FAX: +1 250 382 3564
www.collierscanada.com/victoria
OPPORTUNITY
The acquisition of an approximately 21,000-squarefoot shopping centre on an 87,381 square-foot-site
at the key corner of West Saanich Road and Wallace
Drive.
The subject property is located in the beautiful
Brentwood Bay neighbourhood of Central Saanich on
the west side of the Saanich Peninsula.
This 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. This publication is the copyrighted property of Colliers
International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an
existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria). *Personal Real Estate Corporation.
COLLIERS INTERNATIONAL
1175 Douglas Street, Suite 1110
Victoria, BC V8W 2E1
250 388 6454
www.collierscanada.com/victoria