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Coombs Junction 2701 Alberni Hwy

32,332 SF 100% Leased Retail Building Qualicum Beach, BC V9K 1X1 $3,068,956 USD ($95 USD/SF) 6.21% Cap Rate

Retail Space British Columbia Qualicum Beach 2701 Alberni Hwy, Qualicum Beach, BC V9K 1X1

Investment Highlights

  • Tenant Mix – Diversified tenant mix primarily comprised of in person services incl. Van. Island Health, One on One Fitness, & various other retailers.
  • Exposure – Situated on the highway to Tofino and Ucluelet; over 3M travelers use Memorial Ave and Alberni Highway each year to get to Tofino.
  • Value-Add – Secure in-place income with considerable future upside by way of strategic lease-up of the current vacancy and renewals of tenants.

Executive Summary

Marcus & Millichap is pleased to introduce an exceptional investment opportunity to acquire a value-add mixed-use property situated on an expansive 4.32 acre lot in the coveted community of Coombs, on Vancouver Island.

Attachments

2701 Alberni Highway. Qualicum Beach_OM

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
32,332 SF
Year Built
2004
Price
$3,068,956 USD
Price Per SF
$95 USD
Cap Rate
6.21%
NOI
$190,674 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Land Acres
4.32 AC
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(604) 675-5257

  • Listing ID: 29906727

  • Date on Market: 10/27/2023

  • Last Updated:

  • Address: 2701 Alberni Hwy, Qualicum Beach, BC V9K 1X1

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Coombs Junction | 2701 Alberni Hwy
(604) 675-5257 x

Coombs Junction | 2701 Alberni Hwy

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Andrew Gormley

(604) 675-5257

(604) 675-5257

Jon Buckley

(604) 630-0215

(604) 630-0215

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