955-995 Hornby St - Storefront Retail/Office CONDO FOR SALE


Vancouver, BC V6Z 1V3- Downtown Vancouver
$2,050,000 CAD
604-307-1813
955-995 Hornby St, Vancouver, BC for Sale
$2,050,000 CAD
Storefront Retail/Office CONDO - FOR SALE
1/9
null | 3.12% Cap Rate

955-995 Hornby St
Vancouver, BC V6Z 1V3
Downtown Vancouver


HIGHLIGHTS

  • Rare downtown retail micro strata lots
  • One block from Robson Street shopping district
  • Highly walkable area with high foot traffic and traffic exposure

OVERVIEW

CBRE Limited is pleased to present the opportunity to purchase 1,098 square feet of AAA Retail Investment in Downtown Vancouver. Tenanted on a NNN lease basis to restaurant “Pokerrito” which currently has 10 locations across Metro Vancouver. Own this exceptional asset, with the current lease term up in less than two years, allows the purchaser to increase the rent to “fair market” at that time. Note these are TWO very rare micro strata lots of 565 and 533 square feet each in Downtown Vancouver. These two combined micro retail units provide the ultimate in long term flexibility and ability to achieve much higher rents and/or pricing, once the current tenant’s lease is up and the purchaser returns the space to micro-units. Lots of flexibility and future upside for these exceptional units at the centre of downtown, one block from Robson Street

FOR SALE DETAILS

PRICE

$2,050,000 CAD

PRICE/SF

$1,867 CAD /SF

CAP RATE

3.12%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

1,098 SF

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CD-1

APN/PARCEL ID

024-480-771,024-480-789

ASK ABOUT THIS PROPERTY

604-307-1813

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

604-307-1813

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