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!
– 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
|Financing||Treat as clear title.|
|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 Goodman Commercial.