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Nanaimo strip mall occupies a central location

Triple-A tenants deliver stable cash flow
This centrally located retail property at 6560 North Island Hwy. in Nanaimo traded May 6 for $2.7 million.

DEAL | Santanna Portman of William Wright Commercial represented the purchaser in their May 6 acquisition of 6560 North Island Highway, Nanaimo. Curtis Leonhardt of Marcus & Millichap represented the former owner of the property, a single-storey retail building comprising 6,941 square feet of space on 0.54 acres with 40 surface parking stalls. Sold for $2.7 million, the property is tenanted with AAA tenants including Subway, Panago Pizza, and Connect Hearing. Centrally located directly off Island Highway, the property is adjacent to Woodgrove Mall and other major retailers including Costco, Cabela's, and Winners.

PRICE | $2,700,000

FROM | Santanna Portman, William Wright Commercial