For Lease · Office

401 1331 Westhills Dr, Langford

401 1331 Westhills Dr, Langford, BC V9B0S2

$32 per sq ft / yr

17,698 SF

Asset Class

Office

Size

17,698 SF

Building class

B

Zoning

CO — Commercial Office

$ / SF

$0

Occupancy

82%

Year Built

2022

About this property

If your business is ready to make a move to Vancouver Island's fastest-growing community, Suite 401 at 1331 Westhills Drive is one of Langford's most compelling leasing opportunities. This is nearly 17,700 square feet of Class A office space on the fourth floor of a modern building, constructed in 2022, located in the heart of Westhills. With 11-foot-8 ceilings, large windows on all sides, and panoramic views of Langford Lake and the surrounding mountains, the space makes a strong first impression. The building's glazing and solar shading system keeps things comfortable and naturally lit throughout the day. Tenants control their own HVAC system, high-speed elevators serve the building efficiently. Secure bike storage and tenant storage are both on-site, and four cafés and restaurants are right in the building. The location adds even more to the picture. Westhills is a 500-acre master-planned community in Langford, one of the fastest-growing cities in Canada. Bus transit is steps away, downtown Victoria is under 30 minutes, and BC Ferries at Swartz Bay is about 30 minutes as well. Nixon Trail is right across the street, and the YMCA, Q Centre, Bear Mountain, City Centre Park, and Langford Lake are all close by. For a business looking to grow in a community built for the long term, this space deserves a closer look. (id:66811)

Financial sandbox

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Estimate
Purchase price$32
Down payment30% · $10
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-3.52%

DSCR

0.81

Going-in cap

4.48%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Lakeview Physiotherapy14,565 SF2031-02

Area demographics

Trade area within 3 miles of the property.

Population

47,193

Households

16,841

Median income

$105,500

Median age

33.7

Daytime population

78,548

5-yr growth

7.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 401 1331 Westhills Dr, Langford.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.