991-993 Hornby St - Apartments CONDO FOR SALE


Vancouver, BC V6Z 2S1- Downtown Vancouver
$2,050,000 CAD
604-307-1813
991-993 Hornby St, Vancouver, BC for Sale
$2,050,000 CAD
Apartments CONDO - FOR SALE
1/23
null | 3.12% Cap Rate

991-993 Hornby St
Vancouver, BC V6Z 2S1
Downtown Vancouver


HIGHLIGHTS

  • Flexible micro-strata format allows future reconfiguration.
  • One block from Robson Street shopping district.
  • Highly walkable area with high foot traffic and traffic exposure.
  • Surrounded by 151,000 workers and 80,000 residents within 1 km.

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 NAME

The Electra

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

453,249 SF

STORIES

22

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

CD-1

APN/PARCEL ID

024-480-771,024-480-789,CUSTOM-3062370

ASK ABOUT THIS PROPERTY

604-307-1813

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604-307-1813

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