Sold

1750 East 10th Avenue

Vancouver

Commercial Property
5 Storey Concrete Mid-Rise

SOLD $8,900,000

Overview

The subject property is a 5 storey concrete mid-rise medical dental building located in Vancouver’s Commercial-Broadway corridor. Just steps to the Broadway SkyTrain Station, restaurants, and retail amenities. There is a total of 23,840 sq. ft. of rentable area located on a total site size of 36,621 sq. ft. Features 88 surface parking stalls and views of the North Shore and Downtown.

Summary

Price$9,000,000
Property TypeMedical Dental
Gross Leasable Area23,840 sq. ft.
Cap Rate4.3%
Lot Size300' x 122' (36,621 sq. ft.)
ZoningC4-1 Core Commercial
PID008-487-537
Sale Price$8,900,000
Sale Date01/01/2007

Financials

FinancingClear title.
Assessment 2007
Land
Building
Total
Land$2,678,000
Building$969,000
Total$3,647,000
Taxes 2007
$106,657
Triple Net Income
Net Operating Income
Net Operating Income$387,779

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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