786 Powell Street, Strathcona, Vancouver

$2,995,000 |   MLS® Number  C8059035

Industrial for sale in Strathcona, Vancouver, Vancouver East, 786 Powell Street, 224964104 | Realtylink.org

Industrial for sale

Year Built
1978
Floor Area
4,682 sqft
Total Space Avail. For Lease (Rent)
4682 sqft
Lot Size
3,050 sqft
Gross Property Tax
$32,346.20 /year
Building Type
Freestanding, Low Rise (2-4 storeys)
# of Elevators
1
Zoning
M-2
Subject Property Width
25 ft
Subject Property Depth
122 ft
95

Iconic Properties Group introduces a lucrative investment opportunity—a renovated standalone building in Strathcona, with both floors fully leased to professionals, with desirable lease terms. Upgraded extensively in 2020, it features modern amenities, seismic resilience, and M-2 zoning with 5.0 FSR redevelopment potential. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system. Conveniently located for easy access to Vancouver's core and Highway 1. With a desirable cap rate of 4.5%, increasing to 4.7% by Year 3, secure a hassle-free, income-producing asset in a thriving area. The lease terms include built-in rental escalations, ensuring the potential for increasing returns. Don't miss this chance to invest in a meticulously upgraded property, strategically poised for future growth.