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Spencer Building 600-604 Columbia St 32,538 SF 100% Leased Office Building New Westminster, BC V3M 1A5 For Sale
Investment Highlights
- 100% Occupied 32,538 Square Foot Office and Retail Asset With Flexible Investor and User Lease Terms
- Limited and Diminishing Supply of Primary New Westminster Office Buildings
- Central Metro Vancouver Location With Excellent Transit and Vehicle Access, Within 350 Metres of Two Expo Line SkyTrain Stations
- Highly Amenitized Retail and Green Space Node With Waterfront Views
Executive Summary
The Property offers a flexible rent roll to both income investors and strategic owner-user profiles, with a short-term WALT of 2.2 years and flexible lease terms offering a pathway to near term occupancy or income enhancement.
Constructed in 1906 with a timeless brick facade, the Spencer Building spans 4 storeys of office area on the prominent corner of Columbia Street and 6th Street, offering unencumbered waterfront views across all levels. Attractive dual frontage onto Front Street offers retail uses fronting the new Westminster Pier Park expansion, constructed as part of Bosa Development’s Pier West development. The Property has been well maintained, with over $400,000 of capital upgrades over the last 5 years including an elevator modernization.
Property Facts
Major Tenants Click Here to Access
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Finance and Insurance | - | - | Lorem Ipsum | Jan 0000 |
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Spencer Building | 600-604 Columbia St
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