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1950-1960 Government St 2,464 SF of Flex Space Available in Victoria, BC V8T 4N8
HIGHLIGHTS
- Corner location near downtown Victoria with strong visibility
- Main floor showroom integrated with warehouse space
- Ample on-site parking for staff and visitors
- Flexible IAI-1 zoning supporting multiple business types
- Two loading doors for efficient operations
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - 17 | 2,464 SF | Negotiable | $21.00 CAD/SF/YR $1.75 CAD/SF/MO $51,744 CAD/YR $4,312 CAD/MO | Triple Net (NNN) |
1st Floor - 17
The subject property is ideally located on the periphery of downtown Victoria on the corner of Government Street and Discovery Street across from Phillips Brewery.
- Lease rate does not include utilities, property expenses or building services
- 1 Loading Dock
- Located in-line with other retail
- 2,464 SF of rentable area
- Main floor showroom attached to warehouse
- Ample parking
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.
SELECT TENANTS AT 1950-1960 GOVERNMENT ST, VICTORIA, BC V8T 4N8
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Ark Homeworks
- Retailer
- 1
- Local
- Freeman Audio Visual
- Wholesaler
- 1
- National
- Island Graphics Ltd.
- Other Services
- 1
- Local
- Mark's
- Unisex Apparel
- 575
- National
- Nirvana Pet Resort
- Services
- 1
- Regional
- Sports Ren
- Retailer
- 1
- Regional
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Ark Homeworks | Retailer | 1 | Local |
| Freeman Audio Visual | Wholesaler | 1 | National |
| Island Graphics Ltd. | Other Services | 1 | Local |
| Mark's | Unisex Apparel | 575 | National |
| Nirvana Pet Resort | Services | 1 | Regional |
| Sports Ren | Retailer | 1 | Regional |
PROPERTY FACTS
| Total Space Available | 2,464 SF | Year Built | 1988 |
| Property Type | Retail | Parking Ratio | 0.7/1,000 SF |
| Property Subtype | Storefront | Cross Streets | Chatham St. |
| Gross Leasable Area | 34,165 SF |
| Total Space Available | 2,464 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 34,165 SF |
| Year Built | 1988 |
| Parking Ratio | 0.7/1,000 SF |
| Cross Streets | Chatham St. |
ABOUT THE PROPERTY
Positioned on the periphery of downtown Victoria, this versatile warehouse offers a prime location at Government and Discovery Streets, directly across from the iconic Phillips Brewery. The property combines functionality with visibility, featuring a main floor showroom seamlessly connected to warehouse space—ideal for businesses seeking a blend of retail presence and operational efficiency.
NEARBY MAJOR RETAILERS
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1950-1960 Government St
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