$2,949,000 FOR SALE

Industrial

786 Powell Street
Vancouver, BC V6A 1H6

Iconic Properties Group introduces a lucrative investment opportunity'a renovated standalone building in Strathcona, with both floors fully leased to professionals, with desirable lease terms. Upgraded extensively in 2020, it features modern amenities, seismic resilience, and M-2 zoning with 5.0 FSR redevelopment potential. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system. Conveniently located for easy access to Vancouver's core and Highway 1. With a desirable cap rate of 4.5%, increasing to 4.7% by Year 3, secure a hassle-free, income-producing asset in a thriving area. The lease terms include built-in rental escalations, ensuring the potential for increasing returns. Don't miss this chance to invest in a meticulously upgraded property, strategically poised for future growth. (id:47423)

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Listed By Stonehaus Realty Corp.
Data Provided By Greater Vancouver REALTORS®
MLS® Listing Number C8061968
Last Updated Aug 02, 2024
Property Summary
Property Type Industrial

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Price History
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Detailed Information
Maintenance Fee Payment Frequency Monthly
Property Type Industrial
Transaction Type For sale
Zoning Description M-2
Building
Constructed Date 1978
Land
Total Size 3050 square feet
Size of Irregular Land 3050

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