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106 W 1st Street

Lower Lonsdale, North Vancouver

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106 W 1st Street

Lower Lonsdale, North Vancouver

$9,475,000

About this Office

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.

Listed by Paradigm Group Commercial Real Estate Services.

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Features

  • Type: Office
  • Sub Type: Office
  • Taxes: $80787.02
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778.829.1105

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.