West End Retail Strata

Retail-Commercial for Sale
Catylist Listing ID: 30263194
Property Subtypes: Mixed Use
Condo? Yes
Building Size (RSF): 541 SF
Gross Building Area: See Agent
Sale Price: $1,100,000
Property Use Type: Investment
Usable Size (USF): 541 SF
Sale Terms: Undisclosed
Cap Rate: 0.32%
Last Updated: 6/18/2018

Overview / Comments

Please contact the agent for more information about this listing.

Current Tenants

Tenant Business Name Luxe Mink Lash Boutique
Is Renting? Yes
SF of Space Occupied 541 SF
Lease Expiration 4/2020
Options one five-year option
Tenant Notes Lease terms available upon request

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Parcel ID: 024-359-823
Is Condo?: Yes
Zoning: CD-1
Property Located Between: Davie Street and Burnaby Street
Property Visibility: Excellent
Largest Nearby Street: Burnaby Street
Site Description: This property is combined with the adjacent strata lot 4, and occupied by a single commercial tenant, Luxe Mink Lash Boutique. Lease is a five-year term expiring April 30, 2020 with one five-year option to renew.
Area Description: Located on the south side of Burrard Street, between Burnaby Street and Davie Street. This property is surrounded by a mixture of high density residential and office buildings, with excellent exposure to vehicular and pedestrian traffic. Ideally situated close to all amenities and transit, including a bus stop and bike path out front, with the Yaletown Skytrain station just a few blocks away. Area Development - Under construction directly across the street is a 13 story, AAA office building designed by Bing Thom. The 150,000 sf building is part of the $500 million Burrard Place development, the largest project currently underway in downtown Vancouver. It also includes two residential high-rise towers, one of which will be Vancouver’s third-tallest building. The office building will open in early 2020.
Tenancy: Multiple Tenants
Number of Stories: 19
Year Built: 1998
Construction/Siding: Concrete
Exterior Description: The building has been constructed using a structural reinforced concrete frame with concrete block, behind a clay brick façade.
Total Parking Spaces: 1
Parking Description: One secure underground parking stall included with purchase.
Air Conditioning: Engineered System
Interior Description: High Ceilings. Dividing wall between this unit and the adjacent unit has been removed to form one contiguous space. Units are separately owned, and the units are on separate coterminus leases.
Legal Description: PID 024-359-823, PL LMS3778, Lot 5, LotDist 36


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