240 Cook Street, Victoria

The Vendor has retained Form Real Estate Advisors Inc. (the “Listing Agent”) to facilitate the sale of it’s 100% freehold interest in 240 Cook Street (the “Subject Property”). The Subject Property is a recently constructed, high-profile street front retail strata offering within Victoria’s popular Cook Street Village. The Subject Property is comprised of one legal strata lot demised into five fully contained and separated units that are occupied by a diverse mix of shops and services well-suited to service residents and visitors of this vibrant urban village.

8,728 square foot net rentable area demised into five separate CRU’s at grade with residential above and secure underground parking

100% occupied by a diverse mix of tenants servicing nearby residents and visitors within the urban village

Secured by long-term, net leases with built-in rental escalations, providing for considerable upside in future years

Asking Price: $7,150,000 (5.42% cap rate)

Curtis Leonhardt

Vice President

Curtis Leonhardt has been involved in commercial real estate for more than eight years. Since joining Form, he’s focused on representing both buyers and sellers of income-producing retail assets and commercial land throughout B.C. – transacting in excess of $250 million in sales in the last five years. One of his areas of specialization is representing buyers and sellers in the purchase and sale of strong covenant freestanding buildings. In the last two years, Curtis has successfully transacted over a dozen single-tenant properties, including freestanding bank branches, large-format pharmacies and national restaurants in various regions, including the B.C. Interior, Lower Mainland, Northern B.C., Alberta and Vancouver Island.

Jon Buckley

Principal

Jon Buckley focuses exclusively on retail investment sales and has become one of the top investment brokers for retail related assets in British Columbia. With more than 10 years’ experience in commercial real estate, Jon has an intimate knowledge of the retail landscape in B.C, allowing him to work extensively with groups at both the private and institutional levels. Jon has brokered a multitude of investment transactions, including enclosed shopping centres, anchored strip malls and plazas, street-front retail properties, mixed-use development sites, single-tenant assets and hotels. Jon entered the industry as a financial analyst for a leading investment properties group, successfully underwriting more than $2.5 billion in total transaction volume during his first two years in the industry. Prior to co-founding Form Real Estate Advisors, he worked at a multinational commercial brokerage firm on a national investment team.