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Parkwest Centre is a multi-tenant retail strip centre located on Island Highway in downtown Parksville. The property occupies a prominent site directly across the Island Highway from the Beach Club resort just steps from Parksville Beach, a busy summer tourist destination. Five of the six tenants have rental escalations throughout the term of their leases. This offering represents a stable and diversified investment with the possibility of redevelopment due to the property’s strategic location in the Parksville market. The City of Parksville is centrally located on the east coast of Vancouver Island, just north of Nanaimo. This community has long been renowned as one of Canada’s top vacation, resort, and retirement lifestyle destinations.
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Colliers International is Canada’s largest commercial real estate services company, providing a full range of services to real estate occupiers, developers and investors. Services include brokerage, real estate management, valuation, consulting, project management, project marketing and research. Through a culture of service excellence and a shared sense of initiative, Colliers Canada and our more than 1,400 professionals integrate the resources of real estate specialists across Canada to accelerate the success of our clients. In 2013 alone, Colliers Canada concluded more than 4,600 sale and lease transactions on behalf of investors and occupiers totaling some $7.8 billion across Canada. Colliers also completed more than 1,400 property valuations in 2013 and currently manages 46.4 million square feet of space.