106 W 1st Street
Lower Lonsdale, North Vancouver
$9,475,000
A fully renovated office and retail building steps from Lonsdale Quay offered for sale at a 6.10% capitalization rate and well below replacement cost at only $385 per SF! Recently underwent a capital improvement campaign totaling approximately $1.2 Million, including structural upgrades. Considerable upside upon renewal with longstanding tenants and several have lease rate steps. Retail tenants include a popular vegan eatery and a local grocery store, plus unique laneway stor…efronts feature a dance studio and vintage clothing. Office tenants enjoy views of Downtown Vancouver and Burrard Inlet. Property held in a bare trust allowing for potential Property Transfer Tax savings.
Listed by Paradigm Group Commercial Real Estate Services.
A fully renovated office and retail building steps from Lonsdale Quay offered for sale at a 6.10% capitalization rate and well below replacement cost at only $385 per SF! Recently underwent a capital improvement campaign totaling approximately $1.2 Million, including structural upgrades. Considerable upside upon renewal with longstanding tenants and several have lease rate steps. Retail tenants include a popular vegan eatery and a local grocery store, plus unique laneway storefronts feature a dance studio and vintage clothing. Office tenants enjoy views of Downtown Vancouver and Burrard Inlet. Property held in a bare trust allowing for potential Property Transfer Tax savings.
Listed by Paradigm Group Commercial Real Estate Services.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Oracle Property Group for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Listing Details
- MLS®: C8072060
- Type: Office
- Lot Size: 6,098 sqft
- Sub Type: Office
