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821 6 Ave 13,013 SF 100% Leased Retail Building Hope, BC V0X 1L4 $4,000,000 CAD ($307.38 CAD/SF) 5.41% Cap Rate
Investment Highlights
- 5 Residential Units and 5 Commercial Units
- New Metal Roof in 2015
- Exceptional Corner Lot Location
Executive Summary
Macdonald Commercial is proud to present an exciting opportunity to acquire an entire strata-titled mixed-use building in Hope, BC. The property sits on a 27,739.25 square foot corner lot and features five retail units at grade and five generous-sized residential rental units on the second floor.
The subject property is located at the corner of Sixth Avenue and Wallace Street, in the heart of Hope’s commercial hub. Many businesses and amenities surround the property. The Hope Recreation Centre, Buy-Low Foods, and the Coquihalla River Community Park are all within a 500-meter radius of the property. Hope is approximately a two-hour drive east of Vancouver. The Abbotsford International Airport is a one-hour drive. Kamloops and Kelowna, two popular Okanagan cities, can be reached in two hours and two and a half hours, respectively.
The subject property is located at the corner of Sixth Avenue and Wallace Street, in the heart of Hope’s commercial hub. Many businesses and amenities surround the property. The Hope Recreation Centre, Buy-Low Foods, and the Coquihalla River Community Park are all within a 500-meter radius of the property. Hope is approximately a two-hour drive east of Vancouver. The Abbotsford International Airport is a one-hour drive. Kamloops and Kelowna, two popular Okanagan cities, can be reached in two hours and two and a half hours, respectively.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
13,013 SF
Building Class
C
Year Built
1992
Price
$4,000,000 CAD
Price Per SF
$307.38 CAD
Cap Rate
5.41%
NOI
$216,580 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.47
Lot Size
0.64 AC
Zoning
CBD - Central Business District
Parking
52 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
372’ on Wallace Street
Nearby Major Retailers
1 of 5
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821 6 Ave
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