Vancouver Office for Sale - Cascade Park
Discover an exceptional investment opportunity with this excellent condition, fully leased property in a great central location! This large 1.88 acre property includes ample parking, with 102 spaces.
All suites are occupied, with 100% of the space on mid to longer-term leases, allowing immediate positive cash-flow for investors at a current 6.93% Cap Rate! There is also some expandability for additional lease units.
This two-story 20,904 SF building with 6 units is in great condition inside and out. It includes a charming and spacious entryway, common areas that include a conference room, big kitchenette, an elevator, and several Bathrooms (private ones upstairs and shared on main level).
The office suites include private offices, open work areas, & conference rooms. Along with several private or shared use bathrooms and an elevator.
It is located in a central and convenient location in the in the desirable Cascade Park area, just north of E Mill Plain Blvd. Easy access to downtown, I-5, and SR-14. And it is close to many amenities including retail, restaurants, office buildings, and mass transit. The 1.88 acre stunning Class B property boasts a large parking lot with parking at 4.88/1000.
With its attractive features and strong financials, this property presents an enticing prospect for investors seeking a well-maintained and fully leased property in a thriving commercial area.
