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1476 W 8th Ave 14,393 SF 100% Leased Office Building Vancouver, BC V6H 1E1 $14,250,000 CAD ($990.06 CAD/SF) 3.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Best location in the South Granville/West Broadway area
- Flexible current zoning and future up-zoning/ increase in density
- With $50B in equity, Ivanhoe Cambridge is among the elite of national tenants, offering a level of incomparable security
- Directly adjacent to the Property will meet unlimited demand from future tenants and users
- Providing pride of ownership & quality of construction ensures negligible maintenance
- Launchtrip head office is currently occupying the 1st & 2nd floors. DUER head office is currently occupying the 3rd & 4th floors
EXECUTIVE SUMMARY
Avison Young is pleased to present the opportunity to acquire a 100% freehold interest in 1476 West 8th Avenue, Vancouver, BC (the “Property”). Prominently situated one block from the corner of West Broadway and Granville Street, the fully stabilized Property consists of 14,393 sf and is one of the most prestigious new concrete buildings in the South Granville area. The Property allows an investor to secure a rarely available freestanding office building with significant up-zoning potential due to flexible C3-A zoning, and being directly adjacent to the upcoming Granville SkyTrain Station.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
14,393 SF
Building Class
C
Year Built
1998
Price
$14,250,000 CAD
Price Per SF
$990.06 CAD
Cap Rate
3.53%
NOI
$502,500 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
2,074 SF
Slab To Slab
10’
Building FAR
2.50
Lot Size
0.13 AC
Zoning
C-3A - Commercial
AMENITIES
- Air Conditioning
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Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (77)
Bike Score®
Very Bikeable (86)
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1476 W 8th Ave
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