2303 – 2305 West 41st Avenue in Kerrisdale has sold. The two-storey retail and office building sold for $7,400,000. With 10,600 sq ft of rentable area, the price per SF was $698.

Located mid-block on the East side of Main Street one block North Of King Edward Avenue, this 5,000 square foot redevelopment site is currently improved with a 2,400 square foot, two tenant retail building.

The property was sold in late April 2012 by Ted Mildon and Matt Saunders.

Colliers has acted on behalf of the Vendor in the sale of 3880 Oak Street, a 6,177 sq ft strip retail centre at Oak and West 23rd in Vancouver. The property is fully leased to Rackets & Runners, Subway and several local tenants. The centre is zoned C-2 and has long-term redevelopment potential. The purchase price was $4,686,000, or $759 per SF.

A local private investor has acquired 122-130 West Hastings Street in Downtown Vancouver for $11,500,000, or $240 per sq ft.

The building is a 48,000 sq ft, 3-storey heritage building containing office space.

Regency Towers, an 11-storey, 112 unit building located at 706 Queens Avenue in New Westminster has been bought by a private investor for $14,975,000, representing $133,000 per unit.

The New Westminster apartment market continues to see a strong pace of transaction activity bolstered by strong fundamentals and relatively attractive prices on a per unit basis.