Log In/Sign Up
Your email has been sent.
1200 Lynn Valley Rd 40,068 SF 100% Leased Office Building North Vancouver District, BC V7J 2A2 $14,900,000 CAD ($371.87 CAD/SF) 6.44% Cap Rate
Investment Highlights
- Fully leased, medical-oriented professional office building located in the heart of Lynn Valley Town Centre.
- Conveniently situated near Highway 1 and public transit, directly across from Lynn Valley Mall for easy access to retail and services.
- Features a diverse tenant mix including medical, dental, and physiotherapy practices, with over 60% of tenants in place for more than a decade.
Executive Summary
Cushman & Wakefield ULC is pleased to present 1200 Lynn Valley Road, North Vancouver, BC (the “Property”) known as The Valley Centre. Built in 1987, the Property represents a unique opportunity to acquire a medical, dental, and physio-oriented asset in the heart of Lynn Valley, one of the North Shore’s most desirable mixed-use communities. The Property is enhanced by a groundfloor McDonald’s restaurant and ancillary drive through. The 40,068 square foot building boasts an attractive rent roll of local and national medical and dental users, and benefits from long term leases and historically low turnover. Over 60% of the tenants have occupied the building for more than ten years and more than 50% for more than twenty years demonstrating the building quality, desirability of the location, and lack of competing medical oriented product on the North Shore. The Property has been maintained to a high standard by proactive ownership coupled with diligent property management by SDM Realty and, latterly, Warrington PCI. The ownership has undertaken all major required capital expenditures, including roof and elevator replacement, and life safety upgrades. This stable rent roll coupled with the central location present a highly financeable long-term accretive cash flow for prospective investors. All interested parties should contact the listing agents for access to the data room and further due diligence items upon execution of an NDA
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
40,068 SF
Building Class
B
Year Built
1987
Price
$14,900,000 CAD
Price Per SF
$371.87 CAD
Cap Rate
6.44%
NOI
$959,560 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,356 SF
Slab To Slab
9’
Building FAR
1.10
Lot Size
0.84 AC
Parking
60 Spaces (1.5 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Restaurant
- Signage
- On-Site Security Staff
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1200 Lynn Valley Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.