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To acquire a “front and centre” investment property in Port Hardy offering a 7.74% capitalization rate in 2014 increasing to 7.93% in 2015. The property is comprised of a total of approximately +/- 28,064 SF of buildings and 2.398 acres of land. The main retail building is comprised of 18,518 SF which includes mezzanine/storage areas. Ancillary buildings on-site include a 7,740 SF lumber shed/garden centre, a 306 SF coffee hut, and a 1,500 SF greenhouse. Home Hardware is the anchor tenant with the balance of the main building leased to The Source electronics.
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.