108 & 116 East Broadway, two retail buildings located on the South side of Broadway near Main Street, have sold for a combined $4,900,000, representing a cap rate of approximately 3.0%. The properties are zoned C-3A, and have a site area totaling 9,520 SF, equating to a price per buildable sq ft of $157.00.
The buildings are currently occupied by a thrift store and a mattress store. The purchaser was a local private investor. The property had been listed with Cushman Wakefield.
A local Vancouver investment group has purchased the Acme Labs property at 828 – 868 East Hastings Street. Zoned M-1, the property was purchased for $7,250,000 and is 33,541 square feet in size with 275 feet of frontage on East Hastings Street.
Located mid-block on the south side of West 10th Avenue, this three storey, 11 suite apartment building is well positioned in the Fairview neighbourhood. Built in 1958, the Shavian Apartments had been owned by the Shavian family since construction.
The property was sold by Ted Mildon and Matt Saunders in June 2012.