786 Powell Street Vancouver, British Columbia V6A 1H6
$2,995,000
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:47024)
Property Details
MLS® Number | C8059035 |
Property Type | Industrial |
Building
Constructed Date | 1978 |
Size Interior | 4682 Sqft |
Land
Acreage | No |
Size Irregular | 3050 |
Size Total | 3050 Sqft |
Size Total Text | 3050 Sqft |
Zoning Description | M-2 |
https://www.realtor.ca/real-estate/26727088/786-powell-street-vancouver
Interested?
Contact us for more information
Sukhman Virk
Iconic Properties Group
1126 Austin Avenue
Coquitlam, British Columbia V3K 3P5
(604) 492-5000
www.stonehausrealty.com/
Khash Raeisi
PREC*, Iconic Properties Group
www.iciconic.com/
1126 Austin Avenue
Coquitlam, British Columbia V3K 3P5
(604) 492-5000
www.stonehausrealty.com/