- Status:
- Active
- Prop. Type:
- Industrial, Office
- MLS® Num:
- C8059035
- Build. Type:
- Freestanding
- Photos (5)
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Iconic Properties Group introduces a lucrative investment opportunity—a renovated standalone building in Strathcona, with both floors fully leased to professionals, with desirable lease terms. Upgraded extensively in 2020, it features modern amenities, seismic resilience, and M-2 zoning with 5.0 FSR redevelopment potential. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system. Conveniently located for easy access to Vancouver's core and Highway 1. With a desirable cap rate of 4.5%, increasing to 4.7% by Year 3, secure a hassle-free, income-producing asset in a thriving area. The lease terms include built-in rental escalations, ensuring the potential for increasing returns. Don't miss this chance to invest in a meticulously upgraded property, strategically poised for future growth.
- Sale Type:
- Asset
- Total space avail for lease:
- 4,682 sq. ft.434.972 m2
- Construction:
- Concrete
- Building Type:
- Freestanding, Low Rise (2-4 stories)
- # Storeys:
- 2.0
- Year built:
- 1978 (Age: 46)
- Total Floor Area:
- 4,682 sq. ft.434.97 m2
- Minimum Divisible Area:
- 0 sq. ft.0 m2
- Lot Area:
- 3,050 sq. ft.283.35 m2
- Lot Depth:
- 122
- Lot Frontage:
- 25'7.62 m
- Land Use/Zoning:
- M-2
- Permitted Use:
- Industrial
- Taxes:
- $32,346.2 / 2023
- # Elevators:
- 1
- # Grade Doors:
- 1
- # Loading Doors:
- 1
- Env Assmt Phase:
- Not Applicable
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Listed by Stonehaus Realty Corp.
Data was last updated May 1, 2024 at 11:10 AM (UTC)
- Mark Cumming
- Re/Max Little Oak Realty Inc.
- 604-319-7747
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2024 by the Greater Vancouver REALTORS®,
Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
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