In a recent property transaction that remained off-market, Logan Crossing, a prominent retail property located at 32559 Logan Avenue in Mission, British Columbia, was successfully sold for $4.9 million. The deal, facilitated by William Wright Commercial, involved the sale of a two-building strip mall that boasts a total of 10,885 square feet of retail space situated on 1.13 acres of land in a highly sought-after retail district within the city.

The strategic positioning of Logan Crossing, just off Lougheed Highway, provides easy access to a diverse array of retail outlets, dining establishments, and amenities, making it an attractive investment opportunity. The property, fully leased at the time of sale, offers a stable source of rental income and is positioned in a prime area known for its commercial activity.

The sale of Logan Crossing underscores the robust nature of the commercial property market in the region, with transactions of this nature reflecting the continued interest among investors in acquiring well-located retail assets. The involvement of William Wright Commercial, representing both the buyer and the seller, highlights the expertise and proficiency in brokering deals within the local real estate landscape.

This transaction not only signifies a significant financial deal but also points to the enduring appeal of commercial properties in Logan, a testament to the area’s economic vitality and growth prospects. The sale price of $4.9 million further cements the value and desirability of commercial real estate in Mission, B.C., positioning Logan Crossing as a lucrative investment venture in the retail sector.

As the commercial property market in Logan continues to attract attention from investors and developers, transactions such as the sale of Logan Crossing serve as indicators of the ongoing evolution and expansion of the retail landscape in the region. The successful completion of this $4.9 million deal underscores the resilience and potential for growth within the commercial real estate sector, emphasizing the enduring appeal of prime retail properties in Mission and the broader British Columbia market.