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.