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Mid Island Portfolio
1. MID ISLAND PORTFOLIO
AN INVENTORY
OF AVAILABLE SALE & LEASE
OPPORTUNITIES THROUGHOUT
THE MID - ISLAND REGION
COLLIERS INTERNATIONAL • NANAIMO
335 Wesley Street • Suite 207
Nanaimo, BC • V9R 2T5
PH: +1 250 740 1060
FAX: +1 250 740 1067
www.colliers.com/victoria
2. Terminal Mall
SO ► 30,000 SF retail centre located in central Nanaimo
LD ► Tenants include Bank of Montreal, BC Liquor Store, and
Cobbs Bread
► 1.85 acres
NANAIMO BC
Wellington Court
Wellington Court Retail Centre
SO
►
55,000 SF on 4.22 acres
LD
►
► 7.4% cap rate
► Five new long term tenants anchored by
Wholesale Sports
► $11,200,000
CP Lands, 7 Port Way and 1161 Milton Street (Wellcox Railyard Lands)
► 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
► Current zoning: P-4 Transportation Zone and I-4
Heavy Industrial Zone
► $7,900,000
Dunsmuir Place Portfolio, Nanaimo
CO UN ► Six-storey commercial office/retail building,
N DE adjacent ancillary two-floor commercial building
TR R
A undergoing renovations, and surrounding
CT
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%)
3. 1961 Zorkin Road
► Oceanfront site with water lot
JU
LI Mixed use development site directly adjacent to
ST ST ►
ED the Departure Bay Ferry Terminal (BC Ferries)
±4.96 acres of fee simple and ±3.3 acres of
NANAIMO BC
►
leased foreshore
► Unparalleled views of Departure Bay and
Newcastle Island and close to Nanaimo’s
commercial amenities and transportation routes
► $6,000,000
2560 Bowen Road
Prime central Nanaimo industrial property
SO ►
4.85 or 6.95 acres zoned I-3 (general
LD ►
industrial)
► 88,000 SF of industrial building space
► 14,000 SF of office
► Extensive fully fenced yard
► Island Highway exposure
► List price: $2,950,000 for 4.95 acres
Lots 4 & 5 - 975 Jackson Road
► Located in Duke Point Industrial Park
► Two legal lots of 5.5 acres each
► Can be purchased separately or together
► $2,920,000
2241 Bowen Road & 2230 Boxwood Road
SO ► 7.56 acres zoned RM-5 + 0.94 acres zoned C-4
LD ► Up to 138 residential units permitted
► C-4 site allows for most commercial uses
► $2,650,000
4. 1336, 1340, 1344, 1348 South Island Highway
JU
► Nanaimo Mixed-use development site
LI 8.91 acres total with ±4.3 acres developable after
ST ST ►
ED watercourse setbacks
► One block from South Parkway Plaza, Southgate
NANAIMO BC
Shopping Centre, and Country Grocer
► $2,490,000
960 Jackson Road
► ±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
► $2,200,000
130 Terminal Avenue North
► 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)
1451 Bowen Road
JU ► Single-tenanted investment property in central
LI Nanaimo
ST ST
ED ► 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
5. Lot 3 - 975 Jackson Road
SO ► Located in Duke Point Industrial Park
LD ► Paved site
► Several on-site buildings
$1,625,000
NANAIMO BC
►
5085 Uplands Drive
► 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
865 Albert Street & 510 Machleary Street
RE ► 0.90 acre multifamily development site
D
U
CE
► Mountain views
D ► DP approved for 10 unit triplexes or potential for 40
condos
► $480,000 $349,000
North Parkway Centre
► ±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
6. 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)
NANAIMO BC
► $26.00 SF net
► Estimated $14.21 per SF additional rent
6470 Metral Drive
► 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
Rock City Centre
LE ► Excellent exposure to Island Highway
A 1,707 SF end cap unit available
SE ►
D ► Notable tenants include: Earls, Tim Hortons,
HSBC, and General Paint
► $17.00 per SF net
► Additional rent estimated at $7.65 per SF
495 Dunsmuir Street
► 5 units available from 550-2,447 SF
► 6 storey professional building
► Excellent parking ratio
► From $12.00 per SF net
7. Terminal Mall
► High visibility retail mall on Island Highway in
Central Nanaimo
► 1,252 SF new retail space available
► Anchored by Bank of Montreal and Government
NANAIMO BC
Liquor Store
► Shadow anchored by Save On Foods
► From $16.00 SF net rate and $10.36 per SF
additional rent
6461 Metral Drive
► 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
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
University Village (5th St and Bruce)
► Newly renovated retail centre
► Located on busy intersection near University
► Rate from $20.00 per SF net
► Units available from 1,100-2,000 SF
► Anchored by Quality Foods and Shoppers Drug
Mart
8. Vancouver Island Conference Centre
► High traffic commercial/retail core of downtown
Nanaimo
► New retail/office in Conference Centre block
► Join Serious Coffee, IRIS, and Coast Capital
NANAIMO BC
Insurance
► Base rent from $15.00 per SF with T.I. package
► Units available from 1,284-3,400 SF
Southgate Mall
► Retail Centre located in South Nanaimo’s rapidly
growing commercial node
► Up to 3,000 SF “build-to-suit” pad next to Tim
Hortons
► From $25.00 per SF net
3148B Barons Road
► 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
9 Commercial Street
► 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. Summerhill Crossing
► Brand new retail development
► Prominently located along Bowen Road, one of
Nanaimo’s main traffic corridors
► Various units sizes and pads available
NANAIMO BC
► Excellent access and egress
► Ample parking
► Asking rate from $25.00 per SF net
335 Wesley Street
► 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
Suite #500 - 345 Wallace 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
350 Albert Street
► 5,000 SF freestanding building in immediate
proximity to Nanaimo’s downtown core
► Property features dedicated parking area
► Excellent visibility
► Asking rate from $10.00 per SF net
10. South Parkway Plaza
► 1,500 SF storefront CRU space available
► Located in south Nanaimo’s rapidly growing retail
enclave
► Shadow anchored by the recently completed
Country Grocer
NANAIMO BC
► $18.00 per SF net
► Estimated additional rent is $10.64 per SF
Bowen Centre
► Centrally located office/retail centre
► Excellent exposure to Nanaimo’s Bowen Road
traffic corridor
► Units varying in size from 904-1,246 SF
► Ample parking
► Base rent from $14.00 per SF net
► Additional rent estimated at $4.75 per SF
Terminal Park Shopping Centre
► 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
Unit 15 - 4131 Mostar Road
► ±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
11. Unit 14B - 4386 Boban Drive
► ±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
NANAIMO BC
► Additional rent estimated at $3.55 per SF per
annum
1835 Bowen Road
► 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
12. 5838 Trans Canada Highway, Duncan
SO ► Retail/office plaza for sale
LD ► Three commercial buildings totaling 12,771 SF
on 1.32 acres
► Ample parking
COWICHAN VALLEY & DUNCAN BC
► Central Duncan location on Trans Canada
Highway
► Five tenants including A&W
► $2,275,000
435 Trunk Road, Duncan
SO ► Duncan’s landmark 40,000 SF office building
LD ► Just off the Trans Canada Highway in Duncan’s
commercial core
► Excellent visibility and accessibility
► Extensive parking
► $2,250,000
Horseshoe Bay Inn, Chemainus
► One of Vancouver Island’s oldest pubs/inns
► Comprises 11 hotel rooms, pub,retail liquor store
► Additional two residential suites
► On 0.95 acres of land
► $1,825,000
Seaside Acres, Ladysmith
RE ► Stunning 23.7 acre multifamily development site
D Panoramic ocean/island views
U ►
CE
D ► Phase 3 of “Seaside Acres” development
► Potential for up to 300 units
► Lot 3: $1,300,000
► Lot 2: $1,300,000 $1,150,000
13. Point Ideal, Lake Cowichan
► 16.91 acre single family residential development
site
► Approved PLA for 46 single family lots
► Located only 1 km from downtown Lake
COWICHAN VALLEY & DUNCAN BC
Cowichan and its shops and services
► Surrounded by new and attractive residential
development
► $1,100,000
Cowichan Lake Lodge, Lake Cowichan
SO ► Located in a popular summer tourist
LD 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
Tansor Industrial Park, Duncan
► 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
11 High Street, Ladysmith
RE ► Retail warehouse building totaling 9,000 SF
D
U over two floors
CE
D ► In heart of Ladysmith’s downtown core
► Excellent storefront exposure and access to
Island Highway half a block away
► $549,000 $479,000
14. Lot F, Joan Avenue, Crofton
SO ► 10,000 SF mixed-use
LD ► Approved DP for 4 storey building comprising
15 residential units and 3 commercial units
COWICHAN VALLEY & DUNCAN BC
► Fantastic ocean/island views
► $399,000 $320,000
5239 Trans Canada Highway, Duncan
► Freestanding building in high-exposure location
along Trans Canada
► Storefront retail showroom space with high
ceilings
► Large private parking lot
► Space available from 4,000-10,000 SF with
mezzanine
► $13.00 per SF asking rate and $2.50 per SF
additional rent
Coronation Mall, Duncan
► 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, 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
15. #1 - 13136 Thomas Road, Ladysmith
► 1,400 SF storefront/light industrial bay
► Excellent exposure to the Trans Canada
Highway
► Lots of parking
COWICHAN VALLEY & DUNCAN BC
► $8.50 per SF net
► $2.00 per SF additional rent
16. 371 Alberni Highway
RE ► Fully Serviced Multifamily or seniors
D Development Site
U
CE
D ► Approved for 266 units
► Total of 7.57 acres with 3 street frontages
PARKSVILLE & QUALICUM BC
► Over $1.7 million in off site work completed
► Full package available
► $5,350,000 $4,950,000
Arbutus Industrial Park, Parksville
► Excellent access to the Trans Canada Highway
and prominent frontage on three streets
► IN2J zoning
► 2.21 acre site with four one-storey multi-tenant
industrial buildings
► Twenty separate commercial units totaling
34,224 SF
► $2,541,000
272 Island Highway West
RE ► Not currently operating; requires some capital
D
U expenditure
CE
D ► 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
Illusion Lake Road, Qualicum Beach
Court-ordered sale
CO UN
►
N DE ► 20 acre property in north Qualicum Beach
TR R
A ► Zoned RM1 - Resource Management 1
CT
► Significant gravel reserve on site
► $425,000
17. 1120 Industrial Way
► 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
PARKSVILLE & QUALICUM BC
► Excellent access to Island Highway
► Heat, lights, grade level overhead door, power
sockets, washrooms provided
► Asking net lease rate of $6.75 per SF
The Beach Club, Parksville
► New retail at prestigious Beach Club Resort in
downtown Parksville
► Up to 6,000 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
1065 Herring Gull Way, Parksville
► Three light industrial warehouse units available, 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 $7.50 per SF net
► Additional rent estimated at $2.33 per SF
18. 2498 & 2650 Arden Road, Courtenay
► ± 28 acre residential development site
JU
LI Zoned and approved for up to 128 patio homes
ST ST ►
ED ► Useable area of approx. 19 acres
Mixed zoning classification of CD-20 and PA-2
COURTENAY & COMOX BC
►
► $4,250,000
2455 Mansfield Drive, Courtenay
► 10,982 SF government-tenanted office building
JU
LI
ST ST
constructed circa 1994
ED ► 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
1245 & 1263 Guthrie Road, Comox
SO ► Proposed 18- and 14-unit townhouse
LD 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
Crown Isle Shopping Centre
► 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
19. 1901 Comox Road, Comox
► ±7.88 acre waterfront site + 0.5 acre Crown
grant portion
► Possibly the best mixed-use site in the City
Comprehensive Information Memorandum will
COURTENAY & COMOX BC
►
be made available
1590 Cliffe Avenue, Courtenay
► 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
Glacierview Plaza, Courtenay
► High exposure retail shopping centre
► 1,001 & 1,738 SF available in Q2 2012
► 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
2930 Kilpatrick 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
20. Courtenay Crossing Shopping Centre
► 1,229 SF inline CRU unit available
► Located at the corner of 17 Street and Cliffe
Avenue
Shadow anchored by Safeway; other tenants
COURTENAY & COMOX BC
►
include Starbucks, Alberni Outpost, TELUS
Mobility, and Iris Optical
► $22.00 per SF net
► $8.95 per SF estimated additional rent
Aspen Grove Centre - 2225 Guthrie Road
► 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
Riverside Professional Centre, Courtenay
► 4,551 SF of 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
21. 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
NORTH ISLAND & CAMPBELL RIVER BC
►
available
► RM-3 zoning
► Minutes from downtown Campbell River
► $795,000
22. 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
PORT ALBERNI & WEST COAST BC
► Consistent net income which has increased in recent
years
► $3,850,000
Ocean Village Beach Resort, Tofino
Total of 40 strata lots and 51 units
SO
►
5.975 acres of oceanfront
LD ►
► Established destination resort
► Located on Mackenzie Beach
120 4th Street, Tofino
SO ► Excellent mixed-use investment opportunity
LD ► Located in the heart of the downtown core
► 8 units, 6,528 SF building
► Fully leased - 7% cap rate
► $1,950,000
4721 Johnston Road, Port Alberni
JU
► Build-to-suit lease opportunity on Port Alberni’s main
LI traffic thoroughfare
ST ST
ED ► Up to 15,000 SF
► High exposure corner site location
► From $25.00 per SF
23. 1971 Harbour Crescent, Ucluelet
RE ► 2,310 SF strata unit outfitted and operated previously
D
U
CE as a 150 person capacity restaurant
D ► Unit is improved to a superior standard
Located within the 80-suite Water’s Edge Resort
PORT ALBERNI & WEST COAST BC
►
development in Ucluelet, BC
► 1,220 SF deck
► Includes restaurant-related chattels and fixtures
► $449,000 $359,000
