Retail | Office Prime Downtown Vancouver

Retail-Commercial for Sale
Catylist Listing ID: 30795719
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 3,320 SF
Gross Building Area: See Agent
Sale Price: $4,995,000
Unit Price: $1,504 PSF
Property Use Type: Investment
Building Name: CLASSICO
Usable Size (USF): 3,320 SF
Sale Terms: Cash to Seller
Cap Rate: 3.0%
Last Updated: 5/13/2022

Overview / Comments

Acquire a long term tenanted investment with Purolator. The
Property benefits from excellent exposure on West Pender
with a tremendous traffic count both incoming and departing
Vancouver. These two strata lots are 3,320 SF total comprised
of 1,974 SF main floor featuring floor to ceiling windows two
entrances and a flagship presence. The second floor offices
are 1,346 SF with ample natural light and ocean views.

Financials

Finance Data Year 2014
Real Estate Taxes - Annual($) $18,866 (Annual)

Additional Details

Nearest MSA: Vancouver
County: Greater Vancouver
Submarket Type: Central Business District
Taxing Authority: Vancouver
Tax ID/APN: 025-705-776
Zoning: DD
Market Type: Large
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Side of Street: South
Road Type: Paved
Property Visibility: Excellent
Traffic/Vehicle Count: 20,000
Transportation: Bus, Taxi, Other
Site Description: Built in 2003 by Pinnacle International, the Classico, is a 37-Storey 201-suite, mixed-use condominium complex with 11 stratified street level commercial units located on the west side of the complex.
Area Description: The subject property is located between Jervis and Broughton streets on West Pender. The front exposure offers excellent exposure to foot and vehicle traffic. The property is within walking distance from the Burrard Skytrain station and has bus stops within a block of the front door. Less than a 10 minute drive from the North Shore and Kits over the Lions Gate and Burrard Street bridges makes this centrally located space conveniently located.
Tenancy: Multiple Tenants
Number of Stories: 37
Property Condition: Excellent
Year Built: 2003
Year Renovated: 2014
Construction/Siding: Concrete
Total Parking Spaces: 2
Parking Type: Underground
Parking Description: Secured underground plus ample street parking
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: The two combined strata units have been improved to move in ready state. Kitchen and washroom facilities are brand new with top of the line finishing's.
Zoning Description: DD a wide range of retail / office commercial uses
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Freehold
Legal Description: 025-705-776 and 025-705-784

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Contact

Photograph of Listing Agent

Dean Thomas, CCIM

Personal Real Estate Corporation
HQ Real Estate Services Inc. CPIX Member
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