I am pleased to announce the closing of another land assembly sale, this one at the corner of Granville Street & West 62nd Avenue. The 3-lot site was acquired by Coromandel Properties and now has development approvals in place under the new RM-9N zoning for a 40-unit project, in pre-marketing as “The Leveson“, expected to be complete in 2017.

I am pleased to announce the sale of 300 West Esplanade, North Vancouver, B.C. This ideally located development site sold for $3,300,000.

8010 Saba Road in Richmond has sold for $24,250,000. The property is improved with a 33,456 SF retail and office building whose main tenants include HSBC and National Bank Financial. The purchase price equates to a 4.4% cap rate, or $722 per SF. The building was sold by bid process in June with no asking price.

Here is a video overview of the property by the listing agent, Cushman Wakefield:

8010 Saba Road, Richmond BC from Cushman & Wakefield | Vancouver on Vimeo.