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Hollyburn Medical Centre 2 Office Properties Offered at $38,000,000 CAD in West Vancouver, BC
Investment Highlights
- Prime corner location in Ambleside Village with excellent visibility and accessibility.
- Rare strata conversion potential for future owner-occupier sales.
- 91 underground parking stalls for clients, patients, and retail visitors.
- Strong tenant roster including TD Bank, Rexall, and LifeLabs, providing stable income.
- Surrounded by established residential neighborhoods supporting long-term medical demand.
- Walkable location with a 96 Walk Score and proximity to waterfront amenities.
Executive Summary
Cushman & Wakefield ULC is pleased to present a rare opportunity to acquire an income-producing, stratified medical office property in the heart of Ambleside Village, West Vancouver. The Property, comprising Phase 1 and Phase 2, is located at 575 16th Street, 520 17th Street, and 1685 Marine Drive, offers a diverse roster of established tenants, including TD Bank and Rexall, alongside premier medical practices and LifeLabs. The property features value-add upside through lease up of current vacancy coupled with secure cash-flow from national and long-term medical tenants, while also offering, while also offering flexibility for potential strata sales to owner-occupiers looking to secure a premium medical asset. Opportunities to acquire stratified medical office properties of this scale, tenant quality, and prime location are exceptionally rare in West Vancouver.
Property Facts
| Price | $38,000,000 CAD | Number of Properties | 2 |
| Price / SF | $1,012 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 2.79% | Total Building Size | 37,552 SF |
| Sale Type | Investment | Total Land Area | 1.48 AC |
| Status | Active |
| Price | $38,000,000 CAD |
| Price / SF | $1,012 CAD / SF |
| Cap Rate | 2.79% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 37,552 SF |
| Total Land Area | 1.48 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Phase 1
1655-1695 Marine Dr, West Vancouver, BC V7V 1J2 |
Office | 18,956 SF | 2000 | - |
|
Hollyburn Medical Centre
575 16th St, West Vancouver, BC V7V 4Y1 |
Office | 18,596 SF | 2000 | - |
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Hollyburn Medical Centre
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