Sold

1160 Burrard Street

Vancouver

Strata Office
3 Units

SOLD $451,000

Overview

Three strata office units situated on the north west side of Burrard Street just three blocks from the busy Burrard Street Bridge in Downtown.

Location

Located directly across from the St. Paul’s Hospital and the building itself is home to many medical practitioners. The heart of Downtown’s shopping district, Burrard and Robson, is just three blocks west of the property. Davie Street is one block east.

Improvements

Units 705, 706, 707 are improved with wide reception areas, individual examination offices, ample client parking and waiting facilities. Furthermore, all three units have existing leases in place and are leased to medical practitioners.  Strata fees paid by owner, but included in lease payments.

Summary

Price$495,000
Property TypeOffice
Units3
Gross Leasable Area2047 sq. ft.
Cap Rate8.2%
ZoningDD - Downtown District
PID005-893-755, 005-893-798, 005-893-844
Sale Price$451,000
Sale Date01/01/2003

Financials

FinancingFirst mortgage of $215,000 with HSBC at 6.07% with P.I. payments of $2,575.43 due April 27, 2004.
Taxes 2003
$9,481.42
Income and Expenses
Net Operating Income
Net Operating Income$40,608
NotesFor rent roll and income & expense statement, click here.

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.

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