mid island portfolio june 2012

Mid-Island PortfolioColliers International 335 Wesley Street, Suite 207 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.colliers.com/victoria

A COLLECTION OF SALE AND LEASE LISTINGS IN THE MID-VANCOUVER ISLAND REGION

MID-ISLAND PORTFOLIO | JUNE 2012

> 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 > A to-be subdivided 3 acres with frontage on Front Street also

available > $7,900,000

CP Lands, 7 Port Way and 1161 Milton Street (Wellcox Railyard Lands)

> 29,719 SF retail centre located in central Nanaimo > Shadow anchored by Save-On Foods and Terminal Park Mall > Tenants include Bank of Montreal, BC Liquor Store, and Cobs Bread > 1.85 acres > 75 Parking stalls

Terminal MallS O L D

> 32,381 SF retail strip centre in North Nanaimo for sale > Excellent visual exposure and frontage on the Island Highway > Great access/egress with two fully signalized intersections > Anchored by Mark’s Work Warehouse and tenanted by First Choice

Haircutters, Little Caesars, Subway, Herbal Magic, The Cash Store, Pro Stitch, and Bark & Fitz

Metral StationJ UST

L I S T E D

> Six-storey commercial office/retail building, adjacent ancillary two-floor commercial building undergoing renovations, and surrounding 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%)

Dunsmuir Place Portfolio, NanaimoS O L D

Nanaimo, BC


> Located in Duke Point Industrial Park > Two legal lots of 5.5 acres each > Can be purchased separately or together > $2,920,000

Lots 4 & 5 - 975 Jackson Road

1961 Zorkin Road > Oceanfront site with water lot > Mixed use development site directly adjacent to the Departure Bay

Ferry Terminal (BC Ferries) > ±4.96 acres of fee simple and ±3.3 acres of leased foreshore > Unparalleled views of Departure Bay and Newcastle Island and

close to Nanaimo’s commercial amenities and transportation routes > $6,000,000

> Nanaimo Mixed-use development site > 8.91 acres total with ±4.3 acres developable after watercourse

setbacks > One block from South Parkway Plaza, Southgate Shopping Centre,

and Country Grocer > $2,490,000

1336, 1340, 1344, 1348 South Island Highway

Nanaimo, BC

> ±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 > $1,800,000

960 Jackson RoadR E D U C E D


> Single-tenanted investment property in central Nanaimo > 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

1451 Bowen Road

> 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

5085 Uplands Drive

> 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)

130 Terminal Avenue NorthU N D E R

C O N T R AC T

> ±6,000 SF two-storey office for sale or lease in central Nanaimo > Located adjacent to Terminal Park Shopping Centre and close to

the Departure Bay BC Ferry Terminal > Built in 1976 and features fenced parking with 13 stalls > $13.00 per SF net lease rate or; > $1,500,000 sale price

711 Poplar StreetJ UST

L I S T E D

Nanaimo, BC


> Two units available > ±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

North Parkway Centre

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) > 1,014 SF end cap unit > From $26.00 per SF net > Estimated $14.21 per SF additional rent

> Brand new development > 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

6470 Metral DriveU N D E R

C O N T R AC T

Nanaimo, BC

> 1.55 acres of heavy industrial land located in Duke Point Industrial Park

> 3,024 SF cover-all structure comprised of aluminum and canvas covering

> Three phase 600 amp/600 volt underground power > $575,000

1041 Maughan Road


> 5 office spaces available from 550-2,447 SF > 6 storey professional building > Best value in Nanaimo > From $12.00 per SF net > Generous tenant inducements available

495 Dunsmuir Street

> Unit 3 - 5,100 SF service commercial/distribution warehouse > Unit 7 - 2,586 SF service commercial/distribution warehouse > Excellent visual exposure to the Mostar Road connector > Great access/egress to the Nanaimo Parkway and the Island

Highway > $10.50 per SF net > Estimated additional rent $3.50 per SF

Units 3 & 7 - 4151 Mostar RoadJ UST

L I S T E D

> 2,779 SF 4th floor office with views of downtown Nanaimo > Located on prominent intersection of Wallace Road and Fitzwilliam

Street > Comprised of reception area, boardroom, 8 offices, production

room, kitchenette, and ample storage space > $11.50 per SF net > Estimated additional rent $8.05 per SF

Unit 410 - 256 Wallace RoadJ UST

L I S T E D

> High traffic commercial/retail core of downtown Nanaimo > New retail/office in Conference Centre block > Join Serious Coffee, IRIS, and Coast Capital Insurance > Base rent from $15.00 per SF with T.I. package > Units available from 1,284-3,400 SF

Vancouver Island Conference Centre

Nanaimo, BC


> Newly renovated retail centre > Located on busy intersection near University > Rate from $18.00 per SF net > Units available from 1,100-2,000 SF > Anchored by Quality Foods and Shoppers Drug Mart

University Village (5th St and Bruce)

> 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

6461 Metral Drive

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

> High visibility retail mall on Island Highway in Central Nanaimo > 1,252 SF new retail space available > Anchored by Bank of Montreal and Government Liquor Store > Shadow anchored by Save On Foods > From $16.00 SF net rate and $10.36 per SF additional rent

Terminal Mall

Nanaimo, BC


> Retail Centre located in South Nanaimo’s rapidly growing commercial node

> Great tenant mix anchored by Rexall and Tim Hortons > Up to 3,000 SF “build-to-suit” pad next to Tim Hortons > From $25.00 per SF net

Southgate Mall

> 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

3148B Barons Road

> 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 Commercial Street

> ±5,000 SF repair and maintenance workshop with large 0.75 acre paved yard

> Located in close proximity to Vancouver Island University and downtown Nanaimo

> Property offers perimeter fencing, 3 phase power, four grade level roll up doors, one washroom, office and lunchroom

> $2,500 per month gross plus utilities

321 Watfield RoadJ UST

L I S T E D

Nanaimo, BC


> 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

335 Wesley 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

Suite #500 - 345 Wallace Street

> Brand new retail development > Prominently located along Bowen Road, one of Nanaimo’s main

traffic corridors > Various units sizes and pads available > Excellent access and egress > Ample parking > Asking rate from $25.00 per SF net

Summerhill Crossing

> Centrally located office/retail centre > Excellent exposure to Nanaimo’s Bowen Road traffic corridor > Units varying in size from 904-2,080 SF > Ample parking > Base rent from $14.00 per SF net > Additional rent estimated at $4.77 per SF

Bowen Centre

Nanaimo, BC


> 1,500 SF storefront CRU space available > Located in south Nanaimo’s rapidly growing retail enclave > Shadow anchored by the recently completed Country Grocer > $18.00 per SF net > Estimated additional rent is $10.64 per SF

South Parkway Plaza

> 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

Terminal Park Shopping Centre

> ±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 > Additional rent estimated at $3.50 per SF per annum

Unit 14B - 4386 Boban Drive

> ±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

Unit 15 - 4131 Mostar RoadL E A S E D

Nanaimo, BC


> 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

1835 Bowen Road

Nanaimo, BC

> Excellent exposure to Island Highway > 1,707 SF end cap unit available > Notable tenants include: Earls, Tim Hortons, HSBC, and General

Paint > $17.00 per SF net > Additional rent estimated at $7.65 per SF

Rock City CentreL E A S E D


> 16.91 acre single family residential development site > Approved PLA for 46 single family lots > Located only 1 km from downtown Lake Cowichan and its shops

and services > Surrounded by new and attractive residential development > $1,100,000

Point Ideal, Lake Cowichan

> Located in a popular summer tourist 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

Cowichan Lake Lodge, Lake Cowichan S O L D

> 3.07 acre mixed-use development site > Property is adjacent to Cowichan Commons - comprised of retailers

such as Home Depot, Future Shop, Walmart, Rona, and Canadian Tire

> OCP supports mixed-commercial and residential uses > $1,450,000

6472 Paddle Road, DuncanJ UST

L I S T E D

> Court-ordered sale > Property is comprised of 16,020 SF warehouse, 17,468 SF office,

and 4,896 SF office/utility structure on 15.05 acres > C-3 Service Commercial zoning > $2,950,000

7233 Trans Canada Highway, Duncan R E D U C E D

Cowichan Valley & Duncan, BC


> 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

Tansor Industrial Park, Duncan

> Retail warehouse building totaling 9,000 SF over two floors > In heart of Ladysmith’s downtown core > Excellent storefront exposure and access to

Island Highway half a block away > $549,000 $479,000

11 High Street, LadysmithU N D E R

C O N T R AC T

> 10,000 SF mixed-use > Approved DP for 4 storey building comprising 15 residential units

and 3 commercial units > Fantastic ocean/island views > $399,000 $320,000

Lot F, Joan Avenue, Crofton S O L D

> 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, Duncan



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



> Not currently operating; requires some capital expenditure > 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

272 Island Highway West, ParksvilleR E D U C E D

> Court-ordered sale > 20 acre property in north Qualicum Beach > Zoned RM1 - Resource Management 1 > Significant gravel reserve on site > $425,000

Illusion Lake Road, Qualicum Beach

> Industrial bays, office, and storage space for lease > Units 1 & 2 - Two office/utility structures totaling ±1,800 SF and

two storage units located on 0.25 acre fenced compound > Unit 7 - ±2,048 SF open light industrial bays > Units 1 & 2 - $1,400 per month gross plus utilities > Unit 7 - $1,000 per month gross plus utilities

1080 Industrial Way, ParksvilleJ UST

L I S T E D

> Fully Serviced Multifamily or seniors Development Site > Approved for 266 units > Total of 7.57 acres with 3 street frontages > Over $1.7 million in off site work completed > Full package available > $5,350,000 $4,950,000

371 Alberni Highway, Parksville U N D E R

C O N T R AC T

Parksville & Qualicum, BC


> 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 > Excellent access to Island Highway > Heat, lights, grade level overhead door, power sockets, washrooms

provided > Asking net lease rate of $6.75 per SF

1120 Industrial Way, Parksville

> New retail at prestigious Beach Club Resort in downtown Parksville > Up to 2,000 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

The Beach Club, Parksville

1065 Herring Gull Way, Parksville > Three light industrial warehouse units, 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 $6.75 per SF net > Additional rent estimated at $2.36 per SF

Parksville & Qualicum, BC


> ± 28 acre residential development site > Zoned and approved for up to 128 patio homes > Useable area of approx. 19 acres > Mixed zoning classification of CD-20 and PA-2 > $4,250,000

2498 & 2650 Arden Road, Courtenay

> 10,982 SF government-tenanted office building constructed circa 1994

> 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

2455 Mansfield Drive, CourtenayS O L D

> Proposed 18- and 14-unit townhouse 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

1245 & 1263 Guthrie Road, ComoxS O L D

Courtenay & Comox, BC

> ±3.5 acre commercial development site > Located next to large retail centre; tenants include Walmart,

Staples, The Source, Mark’s Work Warehouse, Future Shop and more

> C-2 Commercial zoning allows for a variety of commercial uses and mixed-use developments

> $1,960,000

3040 & 3070 Kilpatrick 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

1590 Cliffe 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

2930 Kilpatrick Avenue, Courtenay

> High exposure retail shopping centre > 1,001 & 1,738 SF available > 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

Glacierview Plaza, Courtenay

> ±7.88 acre waterfront site + 0.5 acre Crown grant portion > Possibly the best mixed-use site in the City > Comprehensive Information Memorandum will be made available > Site has been remediated to residential standards > $4,250,000

1901 Comox Road, Comox



> 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

Riverside Professional Centre, Courtenay

> 1,229 SF inline CRU unit available > Located at the corner of 17 Street and Cliffe Avenue > Shadow anchored by Safeway; other tenants include Starbucks,

Alberni Outpost, TELUS Mobility, and Iris Optical > $22.00 per SF net > $8.95 per SF estimated additional rent

Courtenay Crossing Shopping Centre

> 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

Aspen Grove Centre - 2225 Guthrie Road

> 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

Crown Isle Shopping Centre



> Two retail units for lease in downtown Courtenay > 2,602 SF & 2,302 SF units available > 32,295 SF centre anchored by Shoppers Drug Mart > Rates starting from $12.00 per SF net > Additional rent estimated at $5.75 per SF

310 8th Street, CourtenayJ UST

L I S T E D



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 available > RM-3 zoning > Minutes from downtown Campbell River > $795,000

North Island & Campbell River, BC


120 4th Street, Tofino > Excellent mixed-use investment opportunity > Located in the heart of the downtown core > 8 units, 6,528 SF building > Fully leased - 7% cap rate > $1,950,000

S O L D

4721 Johnston Road, Port Alberni > Build-to-suit lease opportunity on Port Alberni’s main traffic

thoroughfare > Up to 15,000 SF > High exposure corner site location > From $25.00 per SF

Pacific Rim Shopping Centre, Port Alberni > High exposure retail/office units for lease > 4,941 SF & 2,443 SF available > 80,500 SF centre shadow anchored by Tyler’s No Frills and

Walmart > From $20.00 per SF net > Additional rent estimated at $9.31 per SF

J UST L I S T E D

Port Alberni & West Coast, BC

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 > Consistent net income > $3,500,000


Redford Centre, Port Alberni > High exposure freestanding pad for lease > 4,500 SF available > 19,932 SF centre tenanted by McDonald’s, Domino’s Pizza, Iris

Optical, CitiFinancial, and The Cash Store > From $18.00 per SF net > Additional rent estimated at $7.25 per SF

J UST L I S T E D

Port Alberni & West Coast, BC

MID-ISLAND PORTFOLIO | MAY 2012

JASON WINTON

MAIN: +1 250 740 1060 EXT 2223 +1 250 722 0331

CELL: +1 250 756 6292FAX: +1 250 740 1067

[email protected]

BRAD BAILEY MAIN: +1 250 740 1060 EXT 2222

CELL: +1 250 618 8170FAX: +1 250 740 1067

[email protected]

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). © 2012. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement.

BRAD ARCHIBALD MAIN: +1 250 740 1060 EXT 2224

CELL: +1 250 618 3171FAX: +1 250 740 1067

[email protected]

Colliers International 335 Wesley Street, Suite 207 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.colliers.com/victoria

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mid island portfolio june 2012

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