William Wright Commercial is pleased to have represented the Purchaser in the sale of 201 Menzies Street, a +/- 8,900 SQFT mixed-use income property in a prime location at the five corners in James Bay Village in Victoria, BC. The property consists of four occupied retail units totalling +/- 3,000 SQFT of leasable area and seven apartments. 201 Menzies was acquired at a cap rate of approximately 6% based on current earnings, with a stabilized cap rate of over 8% achievable within 5 years and long-term redevelopment potential with an eventual land assembly.

David Boon of William Wright Commercial represented the Purchaser in this transaction.

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About William Wright Commercial Real Estate Services: William Wright Commercial is a modern, full service commercial brokerage founded in 2013, offering more dedicated commercial real estate offices in British Columbia than anyone else. Our intimate and in-depth knowledge of BC’s best commercial property markets provides clients with the ability to make key decisions with frontline data and information, ensuring that even the most critical needs can be met with confidence. From landlord and tenant representation to investment sales, leasing, and project marketing, we strive to connect our clients to their goals and help them build their business, one transaction at a time.

William Wright Commercial operates offices in Vancouver, Langley, Victoria, Nanaimo, Kelowna, and Kamloops.