Retail Strata Investment
Retail Strata Investment
Fully Leased High Profile Corner Lot
- Civic Address 105-989 Johnson Street, Victoria BC
- Occupancy Fully Leased
- Year Built 2019
- Building Type Mixed-Use
- Strata Lot Size 5332sf
- Parking 6 underground LCP stalls
- Assessed Value $2,832,000
- NOI $143,964
- Asking Price $2,400,000
- PID 030-891-884
HIGH PROFILE RETAIL INVESTMENT STRATA
Prominently located in downtown Victoria on the corner of Johnson and Vancouver Streets, the commercial strata lot is 5,332 square feet in size and leased to a well-established tenant (Forge Fitness) entering their sixth year in business in this location. The space benefits from its high-profile corner location, high ceilings, floor to ceiling windows, beautiful patio area, with excellent street frontage and signage opportunity. There are many new developments in various stages of construction and planning underway within the neighbourhood, offering a dynamic mix of office, retail and residential growth. The City has targeted this area for expansion, promoting higher density population. The subject property’s proximity to the City Centre, access to transit, and its urban streetscape make it a desirable place to live, work and invest. Priced well below assessed value. 6 underground LCP parking stalls included in the sale.
