Arbutus Park Plaza

1485 Huntley Road, Parksville, BC Canada

$4,950,000

Price

5.6%

Cap Rate

34,418 sqft

Building Size

Overview
Cap Rate
5.6%
Building Size
34,418 sqft
Lot Area
2.21 acres
Occupancy
100%
Price Per Sqft
$149
Zoning
I-1 Industrial
Description

The Vendor has retained Form Retail Advisors Inc. (the “Listing Agent”) to facilitate the sale of its 100% freehold interest in Arbutus Park Plaza (the “Subject Property”) in Parksville, BC. The Subject Property consists of four multi-tenant commercial buildings with exposure to E Island Highway, the main arterial through Parksville.

Highlights
  • Fully leased, multi-tenant commercial plaza with prominent highway location.
  • Four commercial buildings with a strong mix of local tenants.
  • Over 230 feet of frontage along E Island Hwy (17,434 VPD), providing excellent exposure and signage opportunities along main arterial through Parksville.
  • Award winning exterior renovation was completed in 2015, including modern galvalume siding with wood and iron work features, new LED lighting and updated low profile backlit signage.
  • Reasonable rents (Avg. $8.11 PSF), supporting a deep pool of potential tenants and providing an affordable option to a wide variety of commercial uses including retail sales, manufacturing, workshop, warehouse, professional services, repair etc
Documents
Title
Offering Memorandum
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery