A single-tenant TD Bank property located at 3960 Francis Road in Richmond has sold.
Details:
- 4,260 SF
- Leased until 2029 (1 x 5 years renewal option)
- $52.50 per SF NNN
- Sold for $5,250,000
- $1,232/SF
- 4.5% cap rate
A two-storey retail and office plaza at Burrard and West 3rd has sold. The site at 1855 Burrard Street is 12,311 SF and designated within the Broadway Plan for up to 20-storeys, 6.50 FSR.
The existing building is 9,756 SF and was built in 1988. Tenants include Waypoint Insurance and a Sushi restaurant. It includes 24 parking stalls.
Details of the sale:
- Purchase Price: $10,700,000
- Cap Rate: 3.7%
- Price per SF: $1,096 per SF
- Price per buildable SF: $134 (based on 6.50 FSR)
The building was listed and sold by Avison Young: https://d3k1yame0apvip.cloudfront.net/v2/client-10/082c2f525f5d6da/BurrardSt1855_WEB.pdf
This property sold previously in 2015 for $15,000,000 and then re-traded in 2018 for $25,000,000.
We are pleased to introduce this 44,111 SF pre-assembled development site on 104A Avenue in the Guildford area of Surrey.
Situated within walking distance of Hawthorne Park, rapid transit options, and Guildford Town Centre, the site is ideally positioned to support the development of 154-unit, 6-storey condo project in a highly sought-after location.
For further information: Land For Sale — 14447, 14445, 14465 & 14475 104A Avenue, Surrey | Canada | Colliers
A 23-unit walkup apartment building in the Mount Pleasant area of East Vancouver has sold. The 1968 era building had been listed for sale for $7,500,000 by Mark Goodman.
Details:
- Purchase Price: $7,550,000
- Price per Unit: $328,261
- Cap Rate: 4.0%
- Site Area: 12,064 SF
70 ft. of streetfront retail on West Broadway has sold in a $5 Million deal. 2865 and 2871 West Broadway are two side-by-side, mid-block streetfront retail properties on the North side of Broadway, West of Macdonald Street.
The two buildings have a combined building area of 3,836 SF and a site area of 8,024 SF.
The properties had been listed for sale separately with a combined price of $5,506,000.