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.

The Mr. Lube property on Arbutus Street in the Westside area of Vancouver has sold for $4,380,000. The property is located at the corner of West 12th Avenue on a 75′ x 125′ site and is zoned C-8, commercial.

David Taylor of Colliers is pleased to have acted in the sale of 3744 Canada Way, a single-tenant retail building located on Canada Way near Boundary Road in Burnaby. The purchase price was $2,900,000. The property is occupied by a local retailer, Charlie’s Chocolate Factory.

North Shore Outlook – A new kind of grocery store to take over Safeway lot in West Van.

From the outside, it doesn’t seem like much is happening to the boarded-up former Safeway building on Marine Drive in Ambleside.

But crews are quickly working on extensive renovations to make way for Fresh St. Market, a grocery store that will offer 70 per cent veggies, fruit and meat and 30 per cent grocery items.

Read more: http://www.northshoreoutlook.com/news/170352856.html

A two-storey retail building on the south side of West Broadway has sold for $2,320,000,  representing $498 per sq ft. The asking price was $2,350,000. The building is adjacent Joey’s Broadway.

The building is 4,658 sq ft in size and is leased to a tanning salon on the upper floor on a month to month basis. The bottom floor is available for lease and asking $35.00 per sq ft net.