1/86707 West Coast Rd, Sooke
6707 West Coast Rd, Sooke, BC V9Z0E5
$1.3M total
2,777 SF
Asset Class
Specialty
Size
2,777 SF
Building class
A
Zoning
DC2 — Site Specific
$ / SF
$461
Occupancy
84%
Year Built
1958
Lot Size
0.54 ac
About this property
Prime commercial investment and redevelopment opportunity in downtown Sooke! This approx. 0.54-acre property offers excellent exposure along West Coast Road. Established retail, wellness and food-service tenants generate $6,100/month ($73,200 annually) in gross rental income, with the longest-standing tenant having occupied the property for approximately 10 years. Located in Sooke's Town Centre, the property offers potential for commercial or mixed-use redevelopment under existing zoning without rezoning, subject to municipal confirmation and approvals. An attractive opportunity to generate holding income while planning future development. Conveniently located near shops, services, the waterfront and Highway 14. Buyers to verify zoning, permitted density, development potential, leases and measurements. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$80K
Annual cash flow
$9K
Cash-on-cash
2.42%
DSCR
1.13
Going-in cap
6.27%
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 | Area | Expiry |
|---|---|---|
| Blue Harbour Design | 2,324 SF | 2030-12 |
Area demographics
Trade area within 3 miles of the property.
Population
129,438
Households
55,530
Median income
$71,500
Median age
43.5
Daytime population
218,514
5-yr growth
3.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 6707 West Coast Rd, Sooke.
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.