3 Fan Tan Alley
Victoria, BC

Heritage Retail + Office Renovation

Area: 12,240sf

Value: $5.5M

Project Summary

3 Fan Tan is a designated heritage building in the heart of Victoria’s Chinatown. The 5-storey commercial building was built in 1910 and was extensively renovated by The Salient Group in 2017. The client wanted to present a partial offer of sale of the asset to free up some capital for alternative investments.

Our Role

Neev was retained to develop an offering memorandum (OM) that could be sent to prospective buyers. The comprehensive OM that included a presentation of the property and its historic value, description of capital upgrades completed to date, tenant descriptions and projected rent roll, recap of office and retail market conditions, refinancing sensitivities and investment summaries. The partial sale of the property was completed in 2023.