Retail

Long Lake Plaza

4890 Rutherford Rd, Nanaimo BC

Date Purchased
November 2005
Date Sold
January 2013
Purchase Price
$5,100,000
Sale Price
$6,100,000
Site Area
2.55 acres
Gross Leasable Area
38,500 SF
Fund: Churchill III Real Estate Limited Partnership

Property Description

Long Lake Plaza is a 38,500 SF community shopping centre located in the City of Nanaimo, 110 km north of Victoria. Nanaimo is the regional retail and service centre for central and northern Vancouver Island. The 2.55 acre property is located on the prime corner of Rutherford Road and Island Highway, with an average traffic volume of 40,000 vehicles per day. This high visibility location sits within an established retail node — surrounding tenants include Sears, Best Buy, London Drugs and Target. The property was originally purchased in November 2005 and sold in January 2013.


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