About Space 1

Available for lease is 7,640 square feet of retail space* in Parkwest Centre, a neighbourhood shopping centre in Parksville’s Downtown Core. National tenants in the immediate area include Shoppers Drug Mart, BMO, and Home Hardware. Across the street from the property is the recently developed Beach Club Resort, a waterfront resort complex featuring a hotel, restaurant, fitness centre, and meeting facilities.

*This includes an 825 square foot mezzanine.
  • Sale Price: Undisclosed
  • Size 7,640 SF
  • Type Retail
  • Availability Now
  • Last Updated Oct 05, 2017
  • Verified On Oct 05, 2017
  • Source SpaceList Research
  • Flyer Download

About Parkwest Centre

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.
  • Property Type Retail
  • Status Existing
  • Sale Price $5,250,000
  • Net Operating Income $307,464
  • Total Available Space 17,647 SF
  • Direct Available Space 0 SF
  • Sublet Available Space 0 SF
  • Min Divisible 7,640 SF
  • Max Contiguous 7,640 SF
  • Building Size 17,647 SF
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