1485 Huntley Road, Parksville

Form Real Estate Advisors is pleased to announce the successful sale of Arbutus Plaza in Parksville, BC (the “Subject Property”). Form represented the Vendor to facilitate the sale of it’s 100% freehold interest in the Arbutus Park Plaza. The Subject Property consists of four multi-tenant commercial buildings with exposure to East Island Highway, the main arterial through Parksville.

Fully leased, multi-tenant commercial plaza with prominent highway location

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.

Curtis Leonhardt

Vice President

Curtis Leonhardt has been involved in commercial real estate for more than eight years. Since joining Form, he’s focused on representing both buyers and sellers of income-producing retail assets and commercial land throughout B.C. – transacting in excess of $250 million in sales in the last five years. One of his areas of specialization is representing buyers and sellers in the purchase and sale of strong covenant freestanding buildings. In the last two years, Curtis has successfully transacted over a dozen single-tenant properties, including freestanding bank branches, large-format pharmacies and national restaurants in various regions, including the B.C. Interior, Lower Mainland, Northern B.C., Alberta and Vancouver Island.

Jon Buckley

Principal

Jon Buckley focuses exclusively on retail investment sales and has become one of the top investment brokers for retail related assets in British Columbia. With more than 10 years’ experience in commercial real estate, Jon has an intimate knowledge of the retail landscape in B.C, allowing him to work extensively with groups at both the private and institutional levels. Jon has brokered a multitude of investment transactions, including enclosed shopping centres, anchored strip malls and plazas, street-front retail properties, mixed-use development sites, single-tenant assets and hotels. Jon entered the industry as a financial analyst for a leading investment properties group, successfully underwriting more than $2.5 billion in total transaction volume during his first two years in the industry. Prior to co-founding Form Real Estate Advisors, he worked at a multinational commercial brokerage firm on a national investment team.