Outstanding Investment Opportunity for a Class A Suburban Office Building

3795 Carey Road, Victoria

Office For Sale

For Sale
Land Area : 47,919.00 SF
Building Area : 39,074.00 SF

The Apex Building

Description

Fully leased Class A suburban office building for sale. Extensive upgrades throughout, totaling over $4 million dollars. The fundamental difference from the previous release of the Apex Building to the market is the addition of Parsons Engineering (one of the world's largest engineering and construction organizations) as a long term tenant. Parsons lease adds to the stability and covenant of an already strong tenant roster, and also adds approximately $20,000 to the NOI without a corresponding price increase!

The Apex Building is prominently located near the confluence of Highway #17 (Pat Bay Highway), Highway #1 (TransCanada Highway), and Carey Road. Amenities in the immediate area include Uptown, Victoria’s largest shopping centre which includes Wal-Mart, Best Buy, Shoppers Drug Mart, and Whole Foods, Saanich Plaza and Gateway Village.

Constructed in 1985, The Apex comprises ±35,914 square feet of rentable office area over 6 floors, plus 2 levels of underground parking. The total rented area is ±39,074 square feet, including storage and an auditorium, and the gross building area is estimated to be ±49,719 square feet, including the two levels of underground parking.

Features

  • Fitness facility, squash court, secure bike storage, change rooms and showers
  • On-site storage facilities for tenants
  • BOMA Best Level 3 building certification in 2008
  • Unobstructed 360˚ panoramic views of Greater Victoria
  • Outdoor deck and patio areas
  • Short walk/ride to the Galloping Goose Regional Trail
  • Secure swipe-card security system
  • 141 underground and 28 surface parking stalls (parking ratio is 4.7:1000 SF of rentable area)
  • Back-up generator
  • Fibre optics

Sale Areas

Area Size
1st Floor 5,500 SF
2nd Floor 8,070 SF
3rd Floor 6,936 SF
4th Floor 6,034 SF
5th Floor 5,496 SF
6th Floor 3,878 SF
Office Total 35,914 SF
Storage and Training 3,160 SF
Building Total 39,074 SF

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