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.