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Garibaldi Village Property Limited Partnership

Status Active

Garibaldi Village Property Limited Partnership was syndicated in 2004 and offered investors an opportunity to participate in acquiring, owning, operating and maximizing the value of Garibaldi Village Shopping Centre – a plaza-style power centre with 39,153 SF of leasable space comprised of two multi-tenant pads, and one standalone pad. Part of a combined three-phase development that includes shadow anchors Canadian Tire, Craig’s Independent Foods and London Drugs, the property is located at Mamquam Road on Highway 99 in Squamish, BC. Other notable tenants include Boston Pizza, Starbucks, Subway, Intrawest, Source for Sports, BlueShore Financial, Dollarama and Mountain FM Radio. This combined development is now the number one Shopping and Commercial Centre in central Squamish. Squamish is a thriving community currently experiencing exponential growth due to its proximity to Vancouver and the successful 2010 Winter Olympics at Whistler. This offering required a minimum investment of $100,000 and was available to Accredited Investors only. Garibaldi Village Property Limited Partnership is fully subscribed.

Syndicated 2004
Unit Size $1,000
Total Units 3,200
Total Equity Raised $3,200,000
Date Completed -
Properties Acquired 1
Properties Divested 0
Properties Remaining 1
Property Name Location Asset Type SF Purchase Date Purchase Price Sale Date Sale Price Value +/-
Aggregate SF: 39,153 Aggregate Purchase: $9,230,000 Total Gross Profit Margin: $0

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