Done Deals highlights: January 2020

Our top commercial real estate transactions from Western Investor's latest print edition

By
Western Investor
January 6, 2020





Starlight Investments
A 40-unit concrete apartment building in the West End of Vancouver; and a 113-unit low-rise apartment building in New Westminster, B.C., were sold to Starlight Investments for $43.5 million


Below are highlights of the Done Deals in Western Investor's January print edition. Click through to the DEAL live link for more information and images.

 

FROM | CBRE National Apartment Group, Vancouver. CBRE executive vice-president Lance Coulson reports the following:

DEAL | A 40-unit concrete apartment building in the West End of Vancouver; and a 113-unit low-rise apartment building in New Westminster, B.C. Price: $43.5 million.

 

FROM | William Wright Commercial, Vancouver. William Wright agent Cory Wright reports the following:

DEAL | Two retail strata units with a total of 3,570 square feet on Johnson Street, Victoria. Price: $1.98 million.

William Wright agent Roderick MacKay reports the following:

DEAL | 1,004-square-foot office strata, Mainland Avenue, Vancouver. Price: $1.07 million.

William Wright agent Zubar Jamal reports the following:

DEAL | 17,603-square-foot, stand-alone industrial building on one acre, Greenall Avenue, Burnaby. Price: $4.15 million.

 

FROM |  Royal LePage Preferred Realty, Mission, B.C. Royal LePage agent Bob McLean, with Re/Max Little Oak Realty agent Charles D. Wiebe reports the following:

DEAL | 4,290-square-foot office building on a 3,050-square-foot site on Horne Street and near the riverfront in Mission, B.C. Price: $1.02 million.

 

FROM |  Marcus & Millichap, Vancouver. Marcus & Millichap agent Mike Guinan-Browne reports the following:

DEAL | 34-unit apartment building on 57 Street, Delta, has sold for less than $203,000 per suite and about $300,000 below its assessed value. Price: $6.9 million.

 

FROM | JLL Commercial, Vancouver. JLL agent Kevin Douglas reports the following:

DEAL | A retail outlet on a 3,000-square-foot lot at 1055 Granville Street, Vancouver, with development potential. Price: $4 million.

 

FROM |  Avison Young, Vancouver. Avison Young agents Carey Buntain, Chris Wieser and Robert Greer report the following:

DEAL | 21-unit apartment building on Cook Street, Victoria, with rental income upside potential. Price: $4.3 million.

Avison Young agents Michael Buchan and James Shandro report the following:

DEAL | 18,671-square-foot corner lot land assembly, East Vancouver, for rental development, sold for less than assessed value. Price: $5 million.

 

FROM |  Devencore Realty, Victoria. Devencore agents Matt Pettinger and Rick Pettinger report the following:

DEAL | 16,675-square-foot light industrial building on a 0.87-acre site, Lampson Street, near downtown Victoria. Price: $4.2 million.

 

FROM | Randall North Real Estate Services Inc., Victoria. Agent Randall North reports the following:

DEAL | 13,920-square-foot retail property on 0.32 acres, Canada Avenue, Duncan, B.C., sold for $200,000 above the assessed value. Price: $1.62 million.

 

FROM |  Re/Max Complete Commercial, Red Deer, Alberta. Re/Max agents Cam Tomalty, Glenn Moore and Jeremy Makila report:

DEAL | 2,144-square-foot industrial building, North Pines region, Red Deer, Alberta. Price: $275,000.

 

CLOSED A MAJOR COMMERCIAL DEAL IN WESTERN CANADA? SUBMIT TRANSACTION DEALS HERE


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