VICTORIA

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1450 Government St
Vi Downtown Victoria V8W 1Z2

$11,900,000
Commercial Sale

Main Photo: 1450 Government St in Victoria: Vi Downtown Retail for sale : MLS®# 902646
Photo 1: 1450 Government St in Victoria: Vi Downtown Retail for sale : MLS®# 902646
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
902646
An exciting 21,538 sf retail strata investment opportunity in the heart of Victoria’s downtown core. The opportunity is comprised of one commercial strata unit fully leased long term providing an investment return of 5.25% with existing financing in place for an easy acquisition. Tenanted by MEC, a Vancouver born outdoor gear and retail brand founded in 1971 with 22 stores across Canada is known as the largest supplier of outdoor clothing and recreational gear in the Country. The Property offers exceptional frontage spanning the width of an entire city block, bound by Johnson Street, Government Street and Pandora Avenue.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
- (Full:-/Half:-)
Taxes:
Number of Storeys:
1
Ceiling Heights:
Total Building Area:
21,538 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Units in Building:
Units in Community:
Parking Features:
On Site
Total Units:
Date Listed:
May 10, 2022
Original Price:
1.19E7
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Listed by CBRE Limited
Data was last updated May 28, 2022 at 07:30 AM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$280,000
Min list price:
$39,900
Max list price:
$11,900,000
Avg days on market:
78
Min days on market:
3
Max days on market:
724
These statistics are generated based on the current listing's property type and located in Vi Downtown. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.