Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Development, Market Research

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June 2, 2014by david.taylor@colliers.com
Investment, Office

Metrotown Office Building Sold in $27.2 Million Deal

Marloborough Court, a 5-storey office building located at Marlborough Avenue and Kingsway in Burnaby, has been sold to a local private investor.

5021 Kingsway

The building is adjacent to Metropolis at Metrotown mall, is an 83,000 square foot, five storey office complex offering large floor plates. The purchase price was $27,200,000, or $326 per SF.

The building is located on a fairly large site, totaling 36,500 SF. The site is designated commercial within the existing Metrotown Plan.

June 2, 2014by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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