A strata office building in Courtenay has sold for nearly $1.7 million, Colliers International Nanaimo tells Western Investor.
The fully-leased office building has eight units, which sold for approximately $211,875 each. The mixed-use building also includes two apartment units. The commercial strata property measures 7,040 square feet and was built in 1999. The property was listed for $1,695,000 with an assessed value of $949,000.
The property is located at 501 4th St., Courtenay.
Breakdown:
Price: $1,695,000
No. of Units: 8
Price/Unit: $211,875
Property Size: 7,040 SF
Property Type: Office
Zoning: C1
2016 B.C. Assessment Value: $949,000
Date of Sale: 07/31/2017
City: Courtenay
Province: B.C.
Name of Brokerage: Colliers International Nanaimo
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