V7N Office Spaces for Sale

Office Spaces for Sale Within 5 kilometers of V7N

1200 Lynn Valley Rd

North Vancouver District, BC V7J 2A2

Office for Sale
$16,500,000 CAD
40,068 SF

Restaurant

North Vancouver District Office for Sale - North Shore

Cushman & Wakefield ULC is pleased to present 1200 Lynn Valley Road, North Vancouver, BC (the “Property”) known as The Valley Centre. Built in 1987, the Property represents a unique opportunity to acquire a medical, dental, and physio-oriented asset in the heart of Lynn Valley, one of the North Shore’s most desirable mixed-use communities. The Property is enhanced by a groundfloor McDonald’s restaurant and ancillary drive through. The 40,068 square foot building boasts an attractive rent roll of local and national medical and dental users, and benefits from long term leases and historically low turnover. Over 60% of the tenants have occupied the building for more than ten years and more than 50% for more than twenty years demonstrating the building quality, desirability of the location, and lack of competing medical oriented product on the North Shore. The Property has been maintained to a high standard by proactive ownership coupled with diligent property management by SDM Realty and, latterly, Warrington PCI. The ownership has undertaken all major required capital expenditures, including roof and elevator replacement, and life safety upgrades. This stable rent roll coupled with the central location present a highly financeable long-term accretive cash flow for prospective investors. All interested parties should contact the listing agents for access to the data room and further due diligence items upon execution of an NDA