For Sale - 33 South Shore Road | Marcus & Millichap

The Subject Property is a single-tenant, triple-net investment opportunity located in the Town of Lake Cowichan, located approximately 30 KM west of the Trans Canada Highway and the City of Duncan.

Property Highlights

Strong regional covenant providing stable and consistent cash flow with significant future redevelopment potential, by way of waterfront residential development.
Located in the central portion of the primary commercial development strip, with a mix of residential and commercial uses in the adjacent areas.
Subject property benefits from having five separate legal titles which allows for greater flexibility for development.

Subject property has a Cap rate of 6.15% and an asking rate of $1,150,000

33 South Shore Road, Lake Cowichan, BC

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.