The Freedman Shoes building on South Granville has sold for $7,900,000, or $1,175 per SF. The 6,726 SF building is located on the West side of Granville between West 12th and West 13th Avenues. The building has a current net operating income of $282,000 equating to a 3.6% cap rate.

Colliers International has acted on behalf of the Vendor in the sale of 1445 West Georgia Street, a six storey 32,490 SF office building on a 10,800 SF site located in Coal Harbour in Downtown Vancouver. This site is a redevelopment property under the existing DD zoning, which allows residential up to 6.0 FSR. The purchase price was $15,250,000, representing $469 per SF for the building, or $235 per SF of buildable area.

Coquitlam multifamily assets have shown a steady increase in value over the past 5 years as cap rates for apartment buildings have dropped across the region. This market is predominantly characterized by low-rise buildings. The average sales value over the past five years in this market is about $125,000, a value range that is consistent with areas such as East Vancouver and New Westminster.