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1636 Pandora St 12,114 SF Flex Building Vancouver, BC V5L 1L6 $4,487,000 CAD ($370.40 CAD/SF) 3.90% Cap Rate
EXECUTIVE SUMMARY
Modern & recent $350k renovation incl. new: windows, paint & carpets. Warehouse completely pressure washed, floor grinded & re-leveled w/ fresh concrete. Then passed COV safety inspections & issued new occupancy cert. 18 ft. ceiling. 7,257 SF of leaseable area. Recently vacant w/ mkt rents of $24 per SF Net = 3.9% cap rate. Adjacent bldgs same owner 1642 & 1670 Pandora also on MLS. Heavy Industrial redevelopment site. Site is 8,052 SQFT of land & 66 FT of frontage along Pandora St. First time to sales market since built in 1991. Present M2 zoning allows Floor Space Ratio to 5.0 times the site size (40,260 buildable SQFT) for allowed uses of manufacturing, wholesaling, transportation & storage. Site is directly across the 4 storey PS Public Storage (74k SF floor area) & directly behind the newer 7 storey SmartStop Storage (90k SF). 2021 Phases 1 & 2 Environmental Analysis done. Jul 2024 BC Property Tax Assessment: Land $4.323M + Bldg $10,200. Starting price $111 per Buildable SQFT or $557 per SQFT of land. (35894412)
PROPERTY FACTS
| Price | $4,487,000 CAD | Lot Size | 0.19 AC |
| Price Per SF | $370.40 CAD | Rentable Building Area | 12,114 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 3.90% | Year Built | 1991 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Light Manufacturing | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | ||
| Zoning | M-2 - M2 zoning allows Floor Space Ratio to 5 times the site size (40,260 buildable SQFT) for uses of manufacturing, wholesaling, transport & storage. | ||
| Price | $4,487,000 CAD |
| Price Per SF | $370.40 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.90% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 0.19 AC |
| Rentable Building Area | 12,114 SF |
| No. Stories | 2 |
| Year Built | 1991 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M-2 - M2 zoning allows Floor Space Ratio to 5 times the site size (40,260 buildable SQFT) for uses of manufacturing, wholesaling, transport & storage. |
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Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (84)
CONTACT
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Eddie Suen - Amex West Broadway Realty
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Amex West Broadway Realty
1636 Pandora St
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