MID ISLAND PORTFOLIO                       AN INVENTORY                       OF AVAILABLE SALE & LEASE                   ...
Terminal Mall                                          SO         ►   30,000 SF retail centre located in central Nanaimo  ...
1961 Zorkin Road                                                      ►   Oceanfront site with water lot                  ...
1336, 1340, 1344, 1348 South Island Highway                                              JU                               ...
Lot 3 - 975 Jackson Road                                          SO                   ►   Located in Duke Point Industria...
Metral Station                                                     ►   Join Marks Work Warehouse, First Choice            ...
Terminal Mall                                                     ►   High visibility retail mall on Island Highway in    ...
Vancouver Island Conference Centre                                                  ►   High traffic commercial/retail cor...
Summerhill Crossing                                               ►   Brand new retail development                        ...
South Parkway Plaza                                             ►   1,500 SF storefront CRU space available               ...
Unit 14B - 4386 Boban Drive                                           ►   ±6,000 SF distribution/warehouse space          ...
5838 Trans Canada Highway, Duncan                                                         SO                    ►   Retail...
Point Ideal, Lake Cowichan                                                                                 ►   16.91 acre ...
Lot F, Joan Avenue, Crofton                                                            SO        ►   10,000 SF mixed-use  ...
#1 - 13136 Thomas Road, Ladysmith                                                                  ►   1,400 SF storefront...
371 Alberni Highway                                                         RE                    ►   Fully Serviced Multi...
1120 Industrial Way                                                               ►   New 19,000 SF industrial building in...
2498 & 2650 Arden Road, Courtenay                                                                 ►   ± 28 acre residentia...
1901 Comox Road, Comox                                                           ►   ±7.88 acre waterfront site + 0.5 acre...
Courtenay Crossing Shopping Centre                                                                  ►   1,229 SF inline CR...
808 South Island Highway, Campbell River                                                                         ►     1.2...
81 West Street, Tofino                                                                         ►   Award-winning “Whalers ...
1971 Harbour Crescent, Ucluelet                                                            RE                    ►   2,310...
JASON WINTON                                                                                         BRAD ARCHIBALD       ...
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Mid Island Portfolio

  1. 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. 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 acresNANAIMO 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. 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 ofNANAIMO 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. 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, SouthgateNANAIMO 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. 5. Lot 3 - 975 Jackson Road SO ► Located in Duke Point Industrial Park LD ► Paved site ► Several on-site buildings $1,625,000NANAIMO 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. 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. 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 GovernmentNANAIMO 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. 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 CapitalNANAIMO 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. 9. Summerhill Crossing ► Brand new retail development ► Prominently located along Bowen Road, one of Nanaimo’s main traffic corridors ► Various units sizes and pads availableNANAIMO 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. 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 GrocerNANAIMO 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. 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 annumNANAIMO 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. 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 parkingCOWICHAN 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. 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 LakeCOWICHAN 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. 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 unitsCOWICHAN 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. 15. #1 - 13136 Thomas Road, Ladysmith ► 1,400 SF storefront/light industrial bay ► Excellent exposure to the Trans Canada Highway ► Lots of parkingCOWICHAN VALLEY & DUNCAN BC ► $8.50 per SF net ► $2.00 per SF additional rent
  16. 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 frontagesPARKSVILLE & 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. 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 SFPARKSVILLE & 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. 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-2COURTENAY & 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. 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 willCOURTENAY & 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. 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 tenantsCOURTENAY & 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. 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 parkingNORTH ISLAND & CAMPBELL RIVER BC ► available ► RM-3 zoning ► Minutes from downtown Campbell River ► $795,000
  22. 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 SoundPORT 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. 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 ResortPORT ALBERNI & WEST COAST BC ► development in Ucluelet, BC ► 1,220 SF deck ► Includes restaurant-related chattels and fixtures ► $449,000 $359,000
  24. 24. JASON WINTON BRAD ARCHIBALD Ph: +1 250 740 1060 ext. 2223 Ph: +1 250 740 1060 ext. 2224 or +1 250 722 0331CONTACTS BC Cell: +1 250 618 3191 Cell: +1 250 756 6292 Fax: +1 250 740 1067 Fax: +1 250 740 1067 brad.archibald@colliers.com jason.winton@colliers.com BRAD BAILEY Ph: +1 250 740 1060 ext. 2222 Cell: +1 250 618 8170 Fax: +1 250 740 1067 brad.bailey@colliers.com Colliers International - Nanaimo 335 Wesley Street • Suite 207 Nanaimo, BC • V9R 2T5 Ph: +1 250 740 1060 • Fax: +1 250 740 1067 www.collierscanada.com 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. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2010. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement.
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