Retail | Office Prime Investment Vancouver
Retail-Commercial
for Sale
| Catylist Listing ID: |
30835746 |
| Property Subtypes: |
Mixed Use, Street Retail
|
| Building Size (RSF): |
3,320 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$4,700,000 |
| Unit Price: |
$1,415 PSF |
| Property Use Type: |
Investment |
| Building Name: |
CLASSICO |
| Usable Size (USF): |
3,320 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
3.32% |
| Last Updated: |
3/20/2023 |
Overview / Comments
|
Acquire a nationally tenanted investment property with Purolator. Downtown Vancouver's Coal Harbour, the building benefits from excellent exposure on West Pender with a tremendous traffic count both incoming and departing Vancouver. These combined strata lots total 3,320 SF comprised of 1,974 SF on the main floor featuring floor to ceiling windows two entrances and a flagship presence. The second floor offices are 1,346 SF with ample natural light and ocean views.
|
Financials
| Finance Data Year |
2014 |
| Real Estate Taxes - Annual($) |
$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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