The Vij’s Restaurant property on Cambie Street has sold. The single tenant retail property had been on the market for several months and sold to a local investor.
Details:
- Single tenant: Vij’s
- Triple net lease
- Lease expiry 2030 w/renewal options
- 6,879 SF rentable
- 4,937 SF site
- $7,450,000
- 5.60% cap rate
- $1,083/SF
The building was listed and sold by Brett Aura of TRG. The original asking price was $7,988,000.
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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