September 2017 Investment Sales

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Commercial real estate sales during month of September 2017

ADDRESS/ LEGAL DESCRIPTIONASSET TYPEPURCHASERVENDORSALES DATESALE PRICELOT SIZEPRICE/SF LANDBUILDING SIZE (if applicable)PRICE/SF BUILDINGFSRPRICE/BUILDABLE (If applicable)PRICE/UNIT (if applicable)CAP RATENET INCOME (if applicable)BROKERAGEADDITIONAL COMMENTSLocationASSET TYPEMARKET SHARE Y/N
547 E BURNSIDE RDMULTI-FAMILY (CONVERSION)MOREAU, MARIE DENISETWA, JACKSON DAVID9/1/2017$899,000 5,500$163.454,304$208.88$224,750 5.22%$46,928 NewportNon conforming single family home with 4 suites. Income based on a 5.22% cap rate at time of sale.Victoria, City ofY
2620 ROCK BAY AVEAUTOMOBILE PAINT SHOP, GARAGES, ETC.2620 ROCK BAY HOLDINGS LTD.PRIOR, GRAHAM ALEXANDER9/5/2017$1,100,000 7,200$152.784,900 $224.49Wheelies Motorcycle café. Building size from CRMVictoria, City ofRetailY
2714 QUADRA STOFFICE BUILDING (PRIMARY USE)ISLAND AFRIKAN SUPERMARKET INC.689398 B.C. LTD.9/8/2017$965,000 5,100$189.222,952$326.90ColliersVacant at time of sale. C1-QV Zone Quadra Vilalge District.Victoria, City ofOffice
164 W BURNSIDE RDSTORE(S) AND LIVING QUARTERSLONGIA PROPERTIES LTD.CAMPBELL, MURRAY ALLEN9/11/2017$899,999 6,437$139.82Saanich, District of(SD 61)Y
4771 MUNN RD2 ACRES OR MORE (VACANT)SWEENEY, KYLE ANDREWM. HUNTER HOLDINGS LTD.9/11/2017$752,380 1,323,788$0.57SuttonLarge plot of land off Munn Rd. 30.39 acres. Didn't have any other info on Website where listing is posted as soldHighlands, District of(SD62)LandY
611 DAVID STSTORE(S) AND LIVING QUARTERS1133607 B.C. LTD.HANNAH, JAMES ARTHUR9/14/2017$655,000 4,800$136.461,619$404.57building size from BC Assessment.Victoria, City ofIndustrialY
6792 KIRKPATRICK CRESSTORAGE & WAREHOUSING (CLOSED)HOCHOY INVESTMENTS LTD.COAST TRACTOR & EQUIPMENT LTD.9/15/2017$1,590,000 43,992$36.146,428$247.36ColliersSold as land and building- industrialCentral Saanich, District ofIndustrialY
1501 HAULTAIN STSTORE(S) AND LIVING QUARTERSCINNABAR BROWN HOLDINGS LTD.ADVANCED LIFEGUARD TRAINING INTERNATIONAL INC.9/15/2017$1,240,000 5,500$225.453,500$354.29$620,000 $47,993 Pemberton HolmesBuilt in 1988. 2 storeys with 2 commercial units on ground floor and 2 2-bedroom residential units on 2nd floor. 6 parking stalls.Victoria, City ofY
1159 VIEW STMULTI-FAMILY (APARTMENT BLOCK)LIDA HOMES HOLDINGS INC.HENDRICKSON, DEBORAH ANNE9/15/2017$1,550,0005,478$282.952,898$534.85$387,500 ReMaxPurpose built legal 4-plex. 3 car carport, with 4th suite getting City of Victoria parking pass for street. Unfinished basement has potential to be developed. Built in 1954Victoria, City ofMultifamilyY
783 CAVE STOFFICE BUILDING (PRIMARY USE)1132982 B.C. LTD.FIVE STAR PAVING CO. LTD.9/28/2017$1,450,000 16,000$90.638,800$164.77DevencoreIndustrial building in Esquimalt Industrial ParkTownship of EsquimaltIndustrialY
2489 BEACON AVESTORE(S) AND SERVICE COMMERCIAL1134037 B.C. LTD.SPARLING, DONALD GORDON9/28/2017$700,000 1,500$466.67877$798.18NewportHigh profile commercial building downtown Sidney. Zoned C1 commercial.Sidney, Town ofRetailY
2813 QUESNEL STCOMMERCIAL STRATA-LOTA.J.L. HOLDINGS LTD.425012 B.C. LTD.9/29/2017$917,000 3,400$269.71Strata unit in Industiral building.Victoria, City ofIndustrialY
2353 JAMES WHITE BLVDVACANT IC&IC.F.A. HOLDINGS LTD.FENWICK, GERAALD SCOTT9/29/2017$1,250,000 8,961$139.492.3:1$60.65ReMaxSold as a development site. C1 commercial zoning.Sidney, Town ofLandY
10153 RESTHAVEN DRSTORE(S) AND SERVICE COMMERCIAL1126523 B.C. LTD.HONG, IAN PAK NIN9/29/2017$1,750,000 10,890$160.704,250$411.76MacDonald RealtySold as investment property or future development site. C2.1 Neighbourhood Commercial - Level 1 ZonedSidney, Town ofY
832 HOCKLEY AVEMULTI-FAMILY (VACANT)NAIX VENTURES LTD.COOKE, EDNA HELEN9/29/2017$800,000 16,553$48.331,220$655.74SuttonR1 zoned- family residential.Langford, District ofY