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Victoria Professional Center 1120 Yates St

46,316 SF 100% Leased Office Building Victoria, BC V8V 3M9 For Sale

Investment Highlights

  • Five (5) storey office and retail building on the periphery of downtown Victoria
  • Significant building upgrades completed between 2021 to 2024 totalling approximately $3.3 million
  • Over 2,000 residential units within a 5 minute walk to be delivered
  • Predominantly leased to health related and medical professionals, ensuring great tenant stability

Executive Summary

Colliers Macaulay Nicolls Inc. (“Colliers”) has been retained on an exclusive basis by Cook and Yates Holdings Ltd. (the “Owner”) to offer for sale the Victoria Professional Building (“Vic Pro” or the “Property”) located at 1120 Yates Street, Victoria, BC.
Prominently located on the eastern periphery of downtown Victoria, Vic Pro features five (5) storeys of office and retail units totaling 46,316 SF of rentable area. The Property shares underground parking with the neighbouring residential buildings, NEST and Haven, providing 100 commercial parking stalls of which 75 are reserved and 25 are hourly/ daily spaces.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
46,316 SF
Building Class
B
Year Built
1968
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
9,263 SF
Slab To Slab
9’
Building FAR
1.21
Lot Size
0.88 AC
Zoning
CD-16 - Fernwood Comprehensive Development District
Parking
88 Spaces (1.9 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Lower Level-Ste 17B
  • 689 SF
  • Office/Medical
  • Full Build-Out
  • 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

  • 2nd Fl-Ste 202
  • 972 SF
  • Office/Medical
  • Full Build-Out
  • 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

  • 3rd Fl-Ste 304
  • 746 SF
  • Office/Medical
  • Full Build-Out
  • 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

  • 4th Fl-Ste 400
  • 1,394 SF
  • Office/Medical
  • Full Build-Out
  • 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

  • 4th Fl-Ste 402
  • 1,529 SF
  • Office/Medical
  • Full Build-Out
  • 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

  • 4th Fl-Ste 403
  • 1,512 SF
  • Office/Medical
  • Full Build-Out
  • 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

  • 5th Fl-Ste 501
  • 936 SF
  • Office/Medical
  • Full Build-Out
  • 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

Space Size Space Use Condition Available
Lower Level-Ste 17B 689 SF Office/Medical Full Build-Out 30 Days
2nd Fl-Ste 202 972 SF Office/Medical Full Build-Out 30 Days
3rd Fl-Ste 304 746 SF Office/Medical Full Build-Out 30 Days
4th Fl-Ste 400 1,394 SF Office/Medical Full Build-Out 30 Days
4th Fl-Ste 402 1,529 SF Office/Medical Full Build-Out 30 Days
4th Fl-Ste 403 1,512 SF Office/Medical Full Build-Out 30 Days
5th Fl-Ste 501 936 SF Office/Medical Full Build-Out 30 Days

Lower Level-Ste 17B

Size
689 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
30 Days

2nd Fl-Ste 202

Size
972 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
30 Days

3rd Fl-Ste 304

Size
746 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
30 Days

4th Fl-Ste 400

Size
1,394 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
30 Days

4th Fl-Ste 402

Size
1,529 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
30 Days

4th Fl-Ste 403

Size
1,512 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
30 Days

5th Fl-Ste 501

Size
936 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
30 Days

Lower Level-Ste 17B

Size 689 SF
Space Use Office/Medical
Condition Full Build-Out
Available 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

2nd Fl-Ste 202

Size 972 SF
Space Use Office/Medical
Condition Full Build-Out
Available 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

3rd Fl-Ste 304

Size 746 SF
Space Use Office/Medical
Condition Full Build-Out
Available 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

4th Fl-Ste 400

Size 1,394 SF
Space Use Office/Medical
Condition Full Build-Out
Available 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

4th Fl-Ste 402

Size 1,529 SF
Space Use Office/Medical
Condition Full Build-Out
Available 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

4th Fl-Ste 403

Size 1,512 SF
Space Use Office/Medical
Condition Full Build-Out
Available 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

5th Fl-Ste 501

Size 936 SF
Space Use Office/Medical
Condition Full Build-Out
Available 30 Days

Fully open plan unit, partially below grade with south facing windows. Small kitchenette in place

Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (85)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 33622634

  • Date on Market: 2024-10-24

  • Last Updated:

  • Address: 1120 Yates St, Victoria, BC V8V 3M9

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