Investment Services Income Property Sales
The Leland Building, 2500 Douglas Street
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Transaction
Sale -
Size / Leasable Area
15,350 SF -
Address
2500-2512 Douglas Street, Victoria, BC -
Represented
Vendor -
Tenant / Anchor
Popeyes Supplements, Art Box, Seven Valleys Fine Food & Deli, Godfrey’s Luggage, Plantarium
2500-2512 Douglas Street, known as the Leland Building, is a prominent mixed-use building located in close proximity to Victoria’s downtown core in an area that is a priority for future development and growth. The Leland Building is a highly visible property on the corner of Bay Street and Douglas Street, comprised of three contiguous lots with a total site area of 15,305 square feet. Property is improved with a three storey building comprised of 5 ground floor retail units complete with basement storage and 19 residential apartments above, and at the time of the sale had below market rents, providing substantial upside. The Leland Building was part of a larger portfolio of assets, which included University Heights Shopping Centre, 1483 Douglas Street (City Centre Plaza), 723 Pandora Avenue, 716 Johnson Street, and 532 Fisgard Street. Form represented the Vendor in the sale.
See the leasing brochure here.
We pride ourselves on local consumer knowledge and our recognized ability to identify and secure the best national, regional and independent retailers. Form Real Estate Advisors works with property owners to lease current and upcoming vacancies, as well as re-leasing properties requiring rejuvenation.