2020 Arbutus St - Storefront FOR SALE


Vancouver, BC V6J 0G2
$18,500,000 CAD
604-630-0215
2020 Arbutus St, Vancouver, BC for Sale
$18,500,000 CAD
Storefront - FOR SALE
1/7
null | 4.08% Cap Rate

2020 Arbutus St
Vancouver, BC V6J 0G2


HIGHLIGHTS

  • Secured by CIBC, one of Canada’s largest financial institutions, with a market capitalization of over CAD $100 billion.
  • In-place rents are currently below market, providing investors with future rental income upside.
  • All tenants operate under NNN leases, providing stable cash flow with minimal landlord responsibilities.
  • High profile location along Kitsilano’s West 4th Avenue retail corridor with 75' feet of frontage.

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire 2020 Arbutus Street, Vancouver, B.C. (the “Subject Property”). The Subject Property is anchored by the Canadian Imperial Bank of Commerce (“CIBC”), complemented by North American Kommunity Fitness Inc. and Global Shoe Connection Inc., with all tenants operating under triple-net leases that provide stable cash flow with minimal landlord responsibility. Situated at the corner of West 4th Avenue and Arbutus Street in Kitsilano, the site benefits from exceptional exposure and on-site parking at the epicenter of one of Vancouver's strongest retail corridors.

FOR SALE DETAILS

PRICE

$18,500,000 CAD

PRICE/SF

$1,860 CAD /SF

CAP RATE

4.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,725 SF

ZONING

C-2B

APN/PARCEL ID

028-979-541

ASK ABOUT THIS PROPERTY

Jon BuckleyMarcus & MillichapMore Info
604-630-0215

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Jon BuckleyMarcus & MillichapMore Info
604-630-0215

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.