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WESTERN INVESTOR JANUARY 2012 www.westerninvestor.com
From: RioCan REIT, Toronto. RioCan announces the following acquisition: Deal: RioCan has purchased Cowichan Commons, a 186,629-square-foot shopping centre in North Cowichan, B.C. The WalMart-anchored big-box centre posted a capitalization rate of 6.2 per cent. Price: $50.1 million.
From: Shindico Realty, Winnipeg. Shindico agent Sandy Shindleman reports the following: From: Frontline Real Estate Services , Deal: Lease of 30,000-square-foot office Surrey. Frontline buyer agents Jordan building, Kewatlin Street, Winnipeg, to the MacDonald and Garth White, with Re/Max Winnipeg Regional Health Authority. Commercial Advantage selling agent Ryan Price: $12.3 million. Deal: Sale of 35,000-square-foot office buildSchwartz report the following: Deal: 3,681-square-foot office strata on 152A ing, Winnipeg. Sold to an unnamed pension fund. Price: $6.9 million. Avenue, Surrey. Price: $1.2 million. Frontline agents Jordan MacDonald and Deal: Sale of 14,155-square-foot industrial property on Saulteaux Crescent, Winnipeg. Garth White report the following sale: Deal: 1.1 acres of commercial land on 65A Sold to an undisclosed buyer. Price: $1.41 million. Avenue, Surrey. Price: $1.52 million. From: CBRE National Apartment Group,
reports the following retail acquisition: Deal: 318,000-square-foot Village at Thunderbird Centre, Langley. Price: $148 million. From: Temple REIT, Winnipeg. Temple REIT announces the following acquisition: Deal: 118-room Wingate Inn, Regina. Price: $16.15 million. Recently completed a major commercial real estate deal? Send details for a free report New four-storey apartment building in here to: wieditor@biv.com. Camrose, Alberta. Sold for $8.3 million.
3,681-square-foot office strata, Surrey, From: Sunlife Financial, Toronto. Sunlife sold for $1.2 million.
Photo: CBRE National Apartment Group
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Edmonton. CBRE senior vice-president Bradley Gingerich reports the following sales: Deal: 50-unit, four-storey rental apartment building, Edmonton. Sold for $126,000 per suite with a cap rate of 5.3 per cent. Price: $6.3 million. Deal: New four-storey rental apartment building in Camrose, Alberta. Sold for $131,746 per suite with a cap rate of 6.4 per cent. Price: $8.3 million.
Photo: CBRE National Apartment Group
one Deals is our monthly feature highlighting some of the major real estate transactions completed recently in Western Canada’s vibrant commercial real estate market.
Our readers report on new commercial real estate deals across Western Canada
Photo: Frontline Real Estate Services
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50-unit apartment building, Edmonton, sold for $6.3 million.
7BODPVWFS *TMBOE VANCOUVER ISLAND
VANCOUVER ISLAND Comox Valley
OPPORTUNITIES
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LOOKING FOR A FLORIST?Choose from two, or purchase both established businesses located in different communities on Vancouver Island. Excellent opportunity for the owner/operator. COMMERCIAL WATERFRONT QUALICUM BEACH. Two Commercially Zoned Resort rental properties. Two suite with lock off $1,100,000. Three suite on two lots $1,600,000. Established resort rental income, investment or group purchase for personal use or redevelop. Beautiful walk on beach location. REVENUE RESORT COTTAGES from $261,300 Includes HST STRATEGIC REDEVELOPMENT site near downtown Qualicum Beach. 5 titles, 5 income streams, OCP for higher density $1,900,000
Contact Ian Lindsay or Frank Fairley
First Realty 250 248.1071 1.888.243.1071 www.ianlindsay.ca #21-826 West Island, Parksville - at Wembley Mall Each office is independently owned and operated
Property
VICTORIA, BC
High Profile Location Strata Office For Sale 902 Hillside Avenue (between Blanshard & Quadra) 1,100 sq. ft. with 3 large areas including a boardroom. Suitable for a variety of uses including: medical, retail or professional offices.1 Parking stall on-site. Sale Price: $149,000.00
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Light Industrial Building For Sale 811 Princess Ave (close to Rock Bay industrial area) Property size: 6,600 sq. ft. Building size: 4,507 sq. ft. Great owner user opportunity for light industrial, high tech or call centre. New torch on roof replaced 2008. Sale Price: $1,039,000.00
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Rob Samsom
AACI CCIM FRI PERSONAL REAL ESTATE CORPORATION
VANCOUVER ISLAND
1-888-829-7205
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RE/MAX Ocean Pacific Realty
www.robsamsom.ca
Opportunites
DAVID BRUMBY www.naivictoria.ca
:
1-250-381-2265 david@naicommercial.ca
R.V. RESORT Nanaimo Area
BEAUTIFUL
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Realtors Welcome
GARY 1-250-755-9908
16 Unit
marketing your franchise?
Victoria Classic A rare opportunity to own a well maintained, purpose-built revenue building in Victoria, BC. Superb location.
$ 3,672,000 Call Christine at the
1-800-661-6988 • (604) 608-5110 • ccampbell@biv.com
Details:
JIM RUSSELL BRANDI PLEASANTS 1 (800) 263-4753