106 W 1st Street

$9,475,000 |   MLS® Number  C8072060

Office for sale in Lower Lonsdale, North Vancouver, North Vancouver, 106 W 1st Street, 224977129 | Realtylink.org

Office for sale

Floor Area
24,619 sqft
Lot Size
5,940 sqft
Gross Property Tax
$80,787.02 /year
Building Type
Street-Level Storefront
Amenities
Elevator Freight, Storefront, Washrooms Female/Male
94

A fully renovated office and retail building steps from Lonsdale Quay offered for sale at a 6.10% capitalization rate and well below replacement cost at only $385 per SF! Recently underwent a capital improvement campaign totaling approximately $1.2 Million, including structural upgrades. Considerable upside upon renewal with longstanding tenants and several have lease rate steps. Retail tenants include a popular vegan eatery and a local grocery store, plus unique laneway storefronts feature a dance studio and vintage clothing. Office tenants enjoy views of Downtown Vancouver and Burrard Inlet. Property held in a bare trust allowing for potential Property Transfer Tax savings.