The subject property consists of 8 commercial ground oriented fully leased strata lots with a total of 7 tenants. The commercial units provide street access to Nelson and Howe Street and are part of a 12 storey concrete residential high-rise building located in the heart of Vancouver’s Downtown District. The total net saleable area is 5,818 sq. ft.
The 130 residential strata units (1010 Howe Street) located above the subject property on the 2nd – 12th floors are currently offered for sale by the owner.
Net operating income
Net Operating Income$118,337
|Notes||Strata Lot 1 (750 Nelson St.) is a gross lease; the 2006 taxes are $5,564; operating expenses are $116.66/month or $1,400/year. The remaining tenants are all triple net.|
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.