Office for sale
991-993 Hornby Street, Downtown VW, Vancouver
$2,050,000
Features
Year Built
1975
Floor Area
1,098 sqft
Gross Property Tax
$19,030.11 /year
Building Type
Condo Strata Complex, Residential Mix, Street-Level Storefront
Building / Complex Name
The Electra
Zoning
CD-1 (322) COMPRE.DE
Amenities
Air Conditioning, Elevator Passenger, Storefront, Washrooms Female/Male
Description
AAA Retail Investment in Downtown Vancouver. Tenanted on a NNN lease basis to restaurant "Pokerrito" which currently has 10 locations across Metro Vancouver. Own this exceptional asset, currently returning a 3%+ CAP rate with rental step ups preset for the next 3 years, then increase as the market allows. Note these are TWO very rare micro strata lots of 565(Lot 404)and 533(Lot 403)square feet each in Downtown Vancouver. These two combined micro retail units provide the ultimate in long term flexibility and ability to achieve high rents and/or pricing.
MLS® Number C8055608