106 W 1st Street

A fully renovated office and retail building steps from Lonsdale Quay offered for sale at a near 6.00% capitalization rate and well below replacement cost. Recently underwent a capital improvement campaign totaling approximately $1.2 Million, including structural upgrades. Considerable upside remains upon turnover with longstanding tenants. Retail tenants include a popular vegan eatery and a local grocery store, plus unique laneway storefronts feature a dance studio and vintage clothing. Office tenants enjoy views of Downtown Vancouver and Burrard Inlet. Property held in a bare trust allowing for potential Property Transfer Tax savings

Listed by Paradigm Group Commercial Real Estate Services.