The sprawling campus of Quest University in Squamish has been listed for sale, largely for its development potential value, as a way for the financially struggling post-secondary institution to survive under a mountain of debt.
In February of 2020 Quest University filed for creditor protection. They were granted an extension of the protections earlier in August, which will last to December.
However, these financial problems existed beforehand of COVID-19, where many businesses over the world have suffered major financial loss. And with the uprising of COVID-19, it only made things worse for this university.
The property is quite big, it is a total of 55 acres and is located at 3200 University Boulevard. BC Assessments landed its assessed value at $60.5 million, with $13.1 million responsible for the land, and the remaining $47.4 million for the structures.
If you would like to learn more about how the Quest University in Squamish is for sale, and why, or if you are thinking about buying or selling your properties, please contact Matt Gul, who is a top luxury real estate agent situated in West Vancouver, who can help you with all of your needs. To contact Matt Gul please call him at 778.888.8888 or email him at email@example.com
Summarized by: Onur Gul on Instagram at @onurgulfilm