Sold

C-1874 West 1st Avenue

Vancouver

Commercial Property
Strata Retail Unit

SOLD $310,000

Overview

The subject property is a 934 sq. ft. strata retail unit located in prime Kitsilano (Yorkville) on West 1st Avenue & Burrard St., close to Bread Garden, Canadian Tire & Ron Zalko Fitness. Leased out until 2008. Amazing 7.1 cap rate on ask!

Summary

– Rental Income $1,886.75/month (annual $22,641 NNN)
– Lease rate: $24.25/sq. ft
– Rent escalation 2007-8 monthly rent $1912.75/month
– Strata fees $145.45/month
– One parking space available

Summary

Price$320,000
Property TypeRetail Strata
Gross Leasable Area934 sq. ft.
Price/SF$342
Rental Rate$24.25 / sf
Cap Rate7.1%
Year Built1985
ZoningC-2B
Sale Price$310,000
Sale Date06/01/2005

Financials

FinancingTreat as clear title.
Assessment 2005
Land
Building
Total
Land$215,000
Building$60,000
Total$275,000
Taxes 2005
$6,273.68
Income and Expenses
Net Operating Income
Net Operating Income$22,641.00

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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