Form Real Estate Advisors is pleased to announce the successful sale of 1550 Industrial Way in Parksville, BC (the “Subject Property”). Form represented the Vendor to facilitate the sale of it’s 100% freehold interest in the Subject Property. The Subject Property consists of a single-tenant office building secured on a long-term lease by a leading multi-national company in the forestry industry.
- 0.50 acre lot improved with a 10,000 square foot building constructed circa 2008 and occupied by a strong multi-national tenant, USNR/Kockums Cancar Company (“USNR”) on a long term NNN Lease that expires August 31, 2023
- The building is improved with approximately 8,500 square feet of office space and 1,500 square feet of warehouse/storage area with a large grade door