Investment Property

850 SW Marine Drive, Vancouver

SOLD $25,250,000

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Price$25,250,000

Property typeCommercial

Storeys3

Gross leasable area45,621 SF

Lot size92,615 SF

ZoningI-2 Light Industrial

Cap rate4%

PID004-083-024

Sale price$25,250,000

Sale date01/12/2016

Overview

This is a rare opportunity to acquire a long term, single tenanted high-exposure Vancouver investment property with future redevelopment potential.

Strategically located with over 460 feet of frontage on busy SW Marine Drive, this 2.12 acre site is leased to the MCL Motors “Honda” dealership. Improved with a 2-storey, 45,621 SF auto retail building.

The property is walking distance to the Marine Drive Canada Line Station at Cambie & Marine and a 5 minute drive to the Vancouver International Airport.

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Financing	Assumable $10,000,000, 5 year term expiring October 1st, 2018, 25- year amortization, interest rate 3.79%
Income and expenses	Net operating income	Net Operating Income$944,550 (10-year average)
Notes	For more information, please click here.

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