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WWW.DEVENCORE.COM
Amanda Neal Executive Vice President, Partner
Cell: (250) 661-3227
Dave BornholdPartner, Associate
Cell: (250) 686-2988
FOR SALE 3740-3744 Trans Canada Highway, Cobble Hill B.C.
• Owner Occupier / Investment Opportunity
• 2.80 Acre Light Industrial Site
• 15km to Duncan (40 minutes to Victoria)
• 24,467sf Warehouse (inclusive of showroom
and +/-2,500sf office)
• 4,938sf Multi-Tenant Building
• 1,200sf Auto Shop
• 732sf Garage
CALL LISTING AGENTS FOR ADDITIONAL
INFORMATION OR TO ARRANGE A TOUR
*DO NOT DISTURB TENANTS*
OPPORTUNITY
Devencore Realty Victoria Ltd. is pleased to present an
opportunity to acquire a 2.80 acre light industrial site
improved with a 24,467 square foot warehouse used as a
bakery for bread production, offices and a retail store, a
second building currently demised for multiple tenancies,
as well as a concrete block 3-bay garage and an auxiliary
building used by the bakery.
The property is centrally located in Cobble Hill, about
15km south of Duncan, a 40 minute drive to Victoria and
50 minutes to Nanaimo.
The warehouse is a large modern light industrial building
constructed in 1999 and will be delivered vacant on
closing. The 3-bay garage is occupied by an auto shop
on a month to month lease. It’s concrete block and
estimated to be 30 years old, comprised of 1,200 square
feet plus a 500 square foot mezzanine. The retail building
is approximately 4,938 square feet in size and rented to
three tenants month to month, with the balance of the
building vacant. It was constructed in stages with the
original portion dating back to 1954 and an addition built
in 1980. The auxiliary building is 732 square feet and was
built circa 2000 and used for storage by the bakery.
Tel. 250 382 3400 www.devencorevictoria.com
FOR SALE Industrial Owner Occupier Investment Opportunity
3740-3744 Trans Canada Hwy, Victoria B.C.
SALIENT DETAILS
PID: 005-574-021
Land Size: 2.80 acres
Rentable Area: 31,337sf approximate total
Zoning: I-1C (Light Industrial)
Occupancy: Vacant on Closing
& month to month tenants
Property Taxes (2019): $47,659
Ceiling Height: Varies
Loading Doors: 10 (Warehouse)
3 (Auto Shop)
1 (Anciliary Building)
Parking: 19 + gravel parking and
yard space
Potential NOI: $275,000
Property outlines approximate
LOCATION
The property is located in the Cowichan Valley roughly 10
km south of Duncan. The Cowichan Valley is a vast area
that ranges from Mill Bay to Ladysmith. The subject
property is within the community of Cobble Hill. There are
several light industrial properties located in the Fisher
Road industrial area. Immediately adjacent to the
property is the Rona Home Centre and Pacific Homes is
behind.
Photos of Subject Property
IMPROVEMENTS
The 24,467 square foot warehouse was purpose built in
1999. The majority of the building is designated for
baking of bread and offers full height open space. The
front of the building is divided into a retail store, a
reception area, offices, and storage.
Tel. 250 382 3400 www.devencorevictoria.com
SITE
The subject parcel of land is approximately 2.80 acres in
size. The property is an irregular shaped parcel of land.
Access to the site is via an easement on the Rona
property which allows Three Star Holding Corp. to use
the easement area for ingress and egress. The site has
excellent exposure and access from a controlled
intersection on Highway 1. There is paved parking for 19
vehicles along with additional gravel and unmarked
parking areas. The site is serviced by a 6 inch waterline
with service provided by the Cobble Hill Improvement
District. Sewage disposal is by on-site septic tank and
fields. Hydro and natural gas service the property.
FOR SALE Industrial Owner Occupier Investment Opportunity
3740-3744 Trans Canada Hwy, Victoria B.C.
The upper floor is 1,867sf and divided into offices and
staff areas. There are 10 loading doors and a concrete
dock. There are sprinklers in the warehouse and 1,200
amp electrical service. Electric baseboard heating in
the office and retail areas. No heat in production area.
The anciliary building is used for storage and is wood
frame with vinyl siding and comprised of 732 square
feet. The 3-bay garage is concrete block with three
overhead doors and a pedestrian door. It’s 1,200
square feet in size, plus a 500 square foot mezzanine.
It has an office in the adjoining building. There is no
washroom in this building. The retail building is
estimated to be 4,938 square feet in size. It’s demised
for four tenants, but only about half the space is
occupied at present by three tenants. It’s an older
building, but offers attractive highway exposure.
Site Map
PURCHASE PRICE
Four Million One Hundred Thousand ($4,100,000) Dollars
ZONING
I-1C Light Industrial (Limited)
LEGAL DESCRIPTION
PID 005-574-021, Lot 1, Section 14, Range 6, Shawnigan
District, Plan 9209, Except Part in Plan VIP2736RW and
VIP753RW
Information contained herein has been obtained from the owners or sources deemed reliable by Devencore Realty Victoria Ltd. While we have noreason to doubt its accuracy, we regret we cannot guarantee such information. All measurements and other information herein should beindependently verified by the reader and is subject to the user’s own inspection of the premises and due diligence work and to the user’s
satisfaction with the results of such review.
Tel. 250 382 3400 www.devencorevictoria.com
AMANDA NEALPartner | Executive Vice President
Email: [email protected]
Cell: (250) 661-3227
Devencore Realty Victoria Ltd.
888 View Street Victoria, BC
Tel. (250) 382-3400
Subject Survey
FOR SALE Industrial Owner Occupier Investment Opportunity
3740-3744 Trans Canada Hwy, Victoria B.C.
SUBJECT
PROPERTY
DAVE BORNHOLDPartner | Associate
Email: [email protected]
Cell: (250) 686-2988
