For Lease · Office

303 1331 Westhills Dr, Langford

303 1331 Westhills Dr, Langford, BC V9B0S2

$32.5 per sq ft / yr

1,331 SF

Asset Class

Office

Size

1,331 SF

Building class

A

Zoning

DC1 — Direct Control

$ / 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 303 at 1331 Westhills Drive is one of Langford's most compelling leasing opportunities. This is nearly 1,331 square feet of Class A office space on the third 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$33
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

-3.75%

DSCR

0.80

Going-in cap

4.42%

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
Blue Harbour Design1,095 SF2027-08

Area demographics

Trade area within 3 miles of the property.

Population

50,558

Households

18,065

Median income

$99,500

Median age

32

Daytime population

60,293

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 303 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.