Nanaimo commercial centre sells over assessed value

Two titles include a long-term retail lease and “prime” 15,553-square-foot development site sell for total of $3.5 million.

By
Colliers International / Nanaimo / for Western Investor
November 4, 2020





3190 Island Highway, Nanaimo Colliers
— Colliers International, Nanaimo, for Western Investor

Type of property: Retail

Location: 3180 & 3190 Island Highway, Nanaimo, BC

Size of property: 6,000 square feet

Size of land: 37,780 square feet

Land size in acres: 0.87 acres

Zoning: CC3 (commercial)

BC Assessment value 2020: $2.06 million

List price: $3.59 million

Sale price: $3.50 million

Date of sale: October 26, 2020

Vendor: BC Labourers’ Pension Fund

Brokerage: Colliers International, Nanaimo.

Broker: James Winton


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