DIVESTED, AUGUST 2015
Walnut Central is a class A two storey office building comprising 21,872 sq. ft. of leaseable area. The property is is located in a highly desirable, fast growing commercial node in central Langley, BC. The Property’s strategic and central Langley location, immediately north of the 200 Street interchange at Highway 1, is ideal for corporate offices as it offers good exposure and quick access to all points of the Fraser Valley, while still in reach of the City of Vancouver. The Pure team profitably divested this property in 2015 for $7.5 million producing an IRR of 35.4%.
- Purchase Price: $5,550,000
- Purchase Date: March 2013
- Sale price: $7,500,000
- Sale Date: August 2015
- Year Built: 2013
- IRR: 35.4%