786 Powell Street Vancouver, British Columbia V6A 1H6
4,682 ft2
$2,995,000
Iconic Properties Group introduces a lucrative investment opportunity'a renovated standalone building in Strathcona, with both floors fully leased to professionals, with desirable lease terms. Upgraded extensively in 2020, it features modern amenities, seismic resilience, and M-2 zoning with 5.0 FSR redevelopment potential. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system. Conveniently located for easy access to Vancouver's core and Highway 1. With a desirable cap rate of 4.5%, increasing to 4.7% by Year 3, secure a hassle-free, income-producing asset in a thriving area. The lease terms include built-in rental escalations, ensuring the potential for increasing returns. Don't miss this chance to invest in a meticulously upgraded property, strategically poised for future growth. (id:51013)
Property Details
| MLS® Number | C8059035 |
| Property Type | Industrial |
Building
| Constructed Date | 1978 |
| Size Interior | 4,682 Ft2 |
Land
| Acreage | No |
| Size Irregular | 3050 |
| Size Total | 3050 Sqft |
| Size Total Text | 3050 Sqft |
| Zoning Description | M-2 |
https://www.realtor.ca/real-estate/26727088/786-powell-street-vancouver
Contact Us
Contact us for more information
Sukhman Virk
Iconic Properties Group
RE/MAX Commercial Advantage
#501 - 889 West Pender Street
Vancouver, British Columbia V6C 3B2
#501 - 889 West Pender Street
Vancouver, British Columbia V6C 3B2
(604) 689-3424
(604) 899-1293
www.commercialadvantage.ca/
Khash Raeisi
Personal Real Estate Corporation
www.iciconic.com/
RE/MAX Commercial Advantage
#501 - 889 West Pender Street
Vancouver, British Columbia V6C 3B2
#501 - 889 West Pender Street
Vancouver, British Columbia V6C 3B2
(604) 689-3424
(604) 899-1293
www.commercialadvantage.ca/
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April 09 2024 07:53:20
Greater Vancouver REALTORS®
RE/MAX Commercial Advantage
