49.335896 -123.071434

2916 LONSDALE AVENUE, North Vancouver, BC V7N 4H9

276698492 49.335896 -123.071434 734 /listing/276698492-150112865/2916-lonsdale-avenue-north-vancouver-bc-v7n-4h9 False 0 11325000 101 C8033466 False
  • $11,325,000

Property & Neighborhood Info

Courtesy Of CBRE Limited

Commercial in North Vancouver

Opportunity to acquire a fully-leased, income producing retail plaza with rental escalations and a mid-long term redevelopment potential! The Subject Property is highly visible and easily accessible in North Vancouver’s most prominent retail commercial corridors. The space is being occupied by two well-known & established tenants: a Taekwondo Studio & Daycare Center. Both tenants are signed to brand-new long term net leases with rental escalations throughout the term. In addition, both leases comprise of early termination rights in favour of the landlord. There is excellent holding income with an inherent underlying opportunity for future redevelopment in 8-10 years! The Subject Property is 15,000 SF with 7,350 SF of rentable area. The parking includes 24 underground and 12 surface-level stalls. Competitively priced at $11,325,000 with a 3.25% cap rate. Please do not disturb tenants.

Courtesy Of CBRE Limited

Main Features

  • Listing Status: Active
  • MLS® Number:C8033466

Additional Features

  • Style:
    • Retail
  • Floor Area Fin - Main Flr:
    • 0
  • Short Region Code:
    • Vancouver
Neighborhood info courtesy of Homes.com © 2020
Brad Klassen
Brad Klassen
Associate
2615A - St John's St Port Moody BC V3H 2B5
request more info.
49.335896 -123.071434

2916 LONSDALE AVENUE North Vancouver, BC V7N 4H9

276698492 49.335896 -123.071434 734 /listing/276698492-150112865/2916-lonsdale-avenue-north-vancouver-bc-v7n-4h9 False 0 11325000 101 C8033466 False
  • $11,325,000