Streetfront Retail/Apartments on West 4th Sells for 5.6% Cap
A strata-titled retail and apartment building at 2023 West 4th Avenue has sold. The building contains 2 retail units and 8 residential units (five two-bedrooms and three one-bedrooms).
Property details:
- Type: Streetfront multi-tenant retail and apartment
- Retail tenants: Brier Home Decor, Blue Sky Clothing
- Building Size: 10,435 SF
- Lot Area: 5,543 SF
- Year Built: 1998
- Price: $6,100,000
- Cap Rate: 5.6%
The property was listed and sold by Lee & Associates. A brochure can be viewed here: https://leevancouver.com/wp-content/uploads/4th-Ave-W-2023-Lee-Investment-Sale.pdf
Own an retail property in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
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