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370 Esplanade E 1,905 SF Industrial Condo Unit Offered at $2,888,000 CAD in North Vancouver, BC V7L 1A4
EXECUTIVE SUMMARY
Rare Opportunity: Light Industrial Unit on East Esplanade Street This exceptional light industrial unit is located on a highly sought-after street known for its diverse and flexible usage options. Its prime location offers easy access to public transit and Lonsdale Quay, complemented by stunning panoramic views of downtown Vancouver and the Georgia Strait. What truly sets this property apart is its secure national tenant, offering a solid, escalating lease with renewal options and a 3% cap. This makes it a rare investment opportunity, especially on the North Shore, where light industrial units are seldom available. For more information contact us.
PROPERTY FACTS
| Total Building Size | 25,710 SF | Typical Floor Size | 6,427 SF |
| Property Type | Industrial (Condo) | Year Built | 2018 |
| Property Subtype | Warehouse | Lot Size | 0.18 AC |
| Building Class | C | Parking Ratio | 0.35/1,000 SF |
| Floors | 4 | ||
| Zoning | M-4 - Permitting a wide range of commercial and light industrial uses including brewery, distillery, and kitchens. | ||
| Total Building Size | 25,710 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 6,427 SF |
| Year Built | 2018 |
| Lot Size | 0.18 AC |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | M-4 - Permitting a wide range of commercial and light industrial uses including brewery, distillery, and kitchens. |
AMENITIES
- Front Loading
- Security System
- Waterfront
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
1 UNIT AVAILABLE
Unit 101
| Unit Size | 1,905 SF | Sale Type | Investment |
| Price | $2,888,000 CAD | Cap Rate | 3.30% |
| Price Per SF | $1,516.01 CAD | NOI | $95,370 CAD |
| Condo Use | Industrial | No. Parking Spaces | 2 |
| Unit Size | 1,905 SF |
| Price | $2,888,000 CAD |
| Price Per SF | $1,516.01 CAD |
| Condo Use | Industrial |
| Sale Type | Investment |
| Cap Rate | 3.30% |
| NOI | $95,370 CAD |
| No. Parking Spaces | 2 |
DESCRIPTION
Rare Opportunity: Light Industrial Unit on East Esplanade Street
This exceptional light industrial unit is located on a highly sought-after street known for its diverse and flexible usage options. Its prime location offers easy access to public transit and Lonsdale Quay, complemented by stunning panoramic views of downtown Vancouver and the Georgia Strait.
What truly sets this property apart is its secure national tenant, offering a solid, escalating lease with renewal options and a starting CAP of 3.3% . This makes it a rare investment opportunity, especially on the North Shore, where light industrial units are seldom available.
For more information contact us.
SALE NOTES
NNN tenant
48782d62-0aab-44cf-82e1-0aa472d8a4dd
Presented by
370 Esplanade Property
370 Esplanade E
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