737 Goldstream Ave - Restaurant FOR SALE


Langford, BC V9B 0H9
$9,800,000 CAD
778-373-8793
737 Goldstream Ave, Langford, BC for Sale
$9,800,000 CAD
Restaurant - FOR SALE
1/5
null | 6.1% Cap Rate

737 Goldstream Ave
Langford, BC V9B 0H9


HIGHLIGHTS

  • Desirable position in an established retail hub within Langford's Goldstream Village
  • 25,477 SF of rentable area, fully leased to a solid tenant roster comprised of food users and professional services
  • The Subject Property benefits from reciprocal easements providing access to approximately 163 parking stalls
  • Opportunity to acquire the shares of the registered owner and save on Property Transfer Tax
  • Average net rent of $23.5 PSF and a weighted average lease expiry of 3.3 years, the property offers considerable near-term rental income upside
  • Located within a rapidly developing area, just 1 km from the Subject Property the region has experienced a population growth of 24.8% (2017-2022)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire 737 Goldstream Avenue in Langford, B.C. (the“Subject Property”).This well-located, fully leased mixed-use asset features four retail tenants and three office tenants situated in the rapidly growing city centre area of downtown Langford.

FOR SALE DETAILS

PRICE

$9,800,000 CAD

PRICE/SF

$411 CAD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

CROSS STREETS

Hockley Ave.

LAND ACRES

0.72 AC

LAND SF

31,188 SF

ZONING

-

APN/PARCEL ID

030855870

ASK ABOUT THIS PROPERTY

Andrew GormleyMarcus & MillichapMore Info
778-373-8793

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Andrew GormleyMarcus & MillichapMore Info
778-373-8793

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.