955-995 Horny St, Vancouver, Bc - Apartments CONDO FOR SALE


Vancouver, BC B6Z 1V3- Downtown Vancouver
$2,050,000 CAD
604-307-1813
955-995 Horny St, Vancouver, Bc, Vancouver, BC for Sale
$2,050,000 CAD
Apartments CONDO - FOR SALE
1/57
null | 3.12% Cap Rate

955-995 Horny St, Vancouver, Bc
Vancouver, BC B6Z 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

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Electra

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

440,280 SF

STORIES

22

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CD-1

APN/PARCEL ID

024737453

ASK ABOUT THIS PROPERTY

604-307-1813

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604-307-1813

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