Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

940 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Hollyburn Medical Centre 575 16th St 37,192 SF 95% Leased Retail Building West Vancouver, BC V7V 4Y1 $38,000,000 CAD ($1,021.73 CAD/SF) 2.79% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

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.

CW_Brochure_-_Hollyburn_Medical_Centre-_West_Vancouver-_BC

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

37,192 SF

Building Class

Year Built/Renovated

2000/2004

Price

$38,000,000 CAD

Price Per SF

$1,021.73 CAD

Cap Rate

2.79%

NOI

$1,060,000 CAD

Percent Leased

95%

Tenancy

Multiple

Building Height

3 Stories

Building FAR

1.11

Lot Size

0.77 AC

Zoning

CD22 - Commercial

Frontage

54’ on 16th Street

Space Availability

Space
Size
Space Use
Position
Available

1645A
1,263 SF
Retail
-
Now

575 16th St, West Vancouver, BC for sale Floor Plan- Image 1 of 1 — Floor Plan

Unité au niveau de la rue avec une grande visibilité et une façade commerciale de premier choix sur Marine Drive. Les locaux étaient auparavant exploités comme un bureau de gestion de patrimoine, cependant, le zonage permet une grande variété d'utilisations.