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For Lease · Office

602 Gorge Rd E, Victoria

602 Gorge Rd E, Victoria, BC V8T2W6

$16 per sq ft / yr

3,020 SF

Asset Class

Office

Size

3,020 SF

Building class

Zoning

DC1 — Direct Control

$ / SF

Occupancy

87%

About this property

A unique opportunity to lease a beautiful brick heritage building with on-site parking. Prominently situated at the intersection of Gorge Road East and Rock Bay Avenue, this distinctive property offers convenient access to downtown and Greater Victoria. The interior is currently configured with multiple private offices across two floors and features over-height ceilings, a full kitchen, multiple bathrooms and showers. The basement provides additional storage space and laundry facilities. Outside, a fully gated yard offers parking for approximately seven vehicles, complemented by pylon signage facing Gorge Road. Available January 1, 2027. Easy to view. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$16

Down payment30% · $5

Interest rate6.25%

Amortization25 years

Occupancy87%

Expense growth2.5%

Monthly debt service

Projected NOI

Annual cash flow

$-0

Cash-on-cash

-0.35%

DSCR

0.98

Going-in cap

5.44%

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)

Tenant	Suite	Area	Rent / SF	Expiry
Northbridge Logistics	390	1,608 SF	$17.76	2031-06
Northbridge Logistics	390	619 SF	$17.63	2031-06
Northbridge Logistics	400	400 SF	$17.51	2031-06
Northbridge Logistics	400	400 SF	$17.39	2031-06

Area demographics

Trade area within 3 miles of the property.

Population

116,509

Households

42,996

Median income

$128,000

Median age

34.8

Daytime population

150,686

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 602 Gorge Rd E, Victoria.

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.