575 16th St - Storefront Retail/Office FOR SALE


West Vancouver, BC V7V 4Y1
$38,000,000 CAD
604-640-5803
575 16th St, West Vancouver, BC for Sale
$38,000,000 CAD
Storefront Retail/Office - FOR SALE
1/6
null | 2.79% Cap Rate

575 16th St
West Vancouver, BC V7V 4Y1


HIGHLIGHTS

  • Prime corner location in Ambleside Village with excellent visibility and accessibility.
  • Strong tenant roster including TD Bank, Rexall, and LifeLabs, providing stable income.
  • Rare strata conversion potential for future owner-occupier sales.
  • Surrounded by established residential neighborhoods supporting long-term medical demand.
  • 91 underground parking stalls for clients, patients, and retail visitors.
  • Walkable location with a 96 Walk Score and proximity to waterfront amenities.

OVERVIEW

Cushman & Wakefield ULC is pleased to present a rare opportunity to acquire an income-producing, stratified medical office property in the heart of Ambleside Village, West Vancouver. The Property, comprising Phase 1 and Phase 2, is located at 575 16th Street, 520 17th Street, and 1685 Marine Drive, offers a diverse roster of established tenants, including TD Bank and Rexall, alongside premier medical practices and LifeLabs. The property features value-add upside through lease up of current vacancy coupled with secure cash-flow from national and long-term medical tenants, while also offering, while also offering flexibility for potential strata sales to owner-occupiers looking to secure a premium medical asset. Opportunities to acquire stratified medical office properties of this scale, tenant quality, and prime location are exceptionally rare in West Vancouver.

FOR SALE DETAILS

PRICE

$38,000,000 CAD

PRICE/SF

$1,022 CAD /SF

CAP RATE

2.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hollyburn Medical Centre

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bank, Drug Store, Medical

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,500 SF

ZONING

CD22

APN/PARCEL ID

11276837

ASK ABOUT THIS PROPERTY

Hendrik ZesselCushman & WakefieldMore Info
604-640-5803

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Hendrik ZesselCushman & WakefieldMore Info
604-640-5803

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