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1323 Government St 6,846 SF of Retail Space Available in Victoria, BC V8W 1Y9
Highlights
- Walk Score - 100 (Walker’s Paradise)
- Bike Score – 94 (Biker’s Paradise)
- Transit Score – 77 (Excellent Transit)
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,846 SF | 1-10 Years | $12.71 USD/SF/YR $1.06 USD/SF/MO $86,981 USD/YR $7,248 USD/MO | Triple Net (NNN) |
1st Floor
Unique opportunity to lease a full retail building in the heart of downtown Victoria’s Old Town District. The subject property lends itself to a wide variety of commercial uses, benefitting from high-exposure signage facing Government St, a diverse mix of interior spaces, exceptional ceiling heights, and character-rich heritage elements throughout. For parties interested in only the Main Level and Lower Level, please reach out to discuss further.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 6,846 SF | Gross Leasable Area | 6,846 SF |
| Property Type | Retail | Year Built | 1909 |
| Property Subtype | Storefront | Cross Streets | Johnson St. |
| Total Space Available | 6,846 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 6,846 SF |
| Year Built | 1909 |
| Cross Streets | Johnson St. |
About the Property
The subject building is situated next to the intersection of Government Street and lower Johnson Street, Victoria’s two most popular shopping corridors. The area is characterized by high year-round foot traffic from both tourists and locals alike, contributing to the vibrant and active atmosphere that Victoria’s Old Town District is best known for.
- Signage
- Storage Space
Nearby Major Retailers
Presented by
1323 Government St
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