815 West Hastings St. Listed For Sale
From Business in Vancouver – Avison Young has announced the listing of 815 West Hastings Street, a 106,943-square-foot office block built in 1976. The property last sold in December 2010 for $45.3 million, when a private buyer acquired it from Investors Group.
According to RealNet Canada Inc., office properties valued in excess of $10 million enjoy an annual compound growth rate of 7.2%. Documentation Avison Young circulated last week suggests a “pricing guideline” for 815 West Hastings of $60 million, though a formal list price has not been set.