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1200 Lynn Valley Rd 40,068 SF 100% Leased Office Building North Vancouver District, BC V7J 2A2 $16,500,000 CAD ($411.80 CAD/SF)
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
$16,500,000 CAD
Price Per SF
$411.80 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
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Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (84)
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1200 Lynn Valley Rd
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