Located at 9500 Erickson Drive in Burnaby, this 528 residential suite, 21 commercial unit, 4 tower property recently sold for approximately $100,000,000. Built in 1973, the property currently produces $7,400,000 in gross income per year and sits on 7.5 acres of land.
The 5th Floor at Jameson House, 838 West Hastings Street has been sold for $4,100,000, representing $700 per sq ft. The office floors have been listed for sale for several months. The purchaser is a user that will occupy the space.
Hillside Villa, a 43 unit apartment tower located at Esquimalt and 17th Street has sold for $15,657,000, representing $364,116 per unit, and a 2.5% cap rate. The tower is located on a half acre site.
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.