Armoury District Office Building Sells for $6,250,000 ($868/SF)
A two-storey concrete office building in Vancouver’s Armoury District has sold for $6,250,000, representing a price of $868 per square foot.
Sale Price: $6,250,000
Price/SF: $868
Building Size: 7,202 SF
Lot Size: 5,040 SF
The property at 1777 West 8th Avenue is a 7,202 square foot multi-tenant office building situated on a 5,040 square foot lot at the corner of West 8th Avenue and Burrard Street. Built in 1975 and zoned C-3A, the building features floor-to-ceiling glazing, move-in ready office improvements, and secured underground parking. The property carries a Broadway Plan designation of FGBE (Granville/Burrard Slopes – Area E), which permits 5 to 10 storeys and a density of 3.5 to 4.5 FSR, adding a meaningful residential redevelopment layer to the asset.
The transaction was brokered by Matthew MacLean and Paul Carrothers of Cushman & Wakefield.
Own an office building in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
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