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1476 W 8th Ave

14,393 SF 100% Leased Office Building Vancouver, BC V6H 1E1 £9,246,078 (£642/SF) 3% Net Initial Yield

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Investment Highlights

Best location in the South Granville/West Broadway area
Flexible current zoning and future up-zoning/ increase in density
With $50B in equity, Ivanhoe Cambridge is among the elite of national tenants, offering a level of incomparable security

Directly adjacent to the Property will meet unlimited demand from future tenants and users
Providing pride of ownership & quality of construction ensures negligible maintenance
Launchtrip head office is currently occupying the 1st & 2nd floors. DUER head office is currently occupying the 3rd & 4th floors

Executive Summary

Avison Young is pleased to present the opportunity to acquire a 100% freehold interest in 1476 West 8th Avenue, Vancouver, BC (the “Property”). Prominently situated one block from the corner of West Broadway and Granville Street, the fully stabilized Property consists of 14,393 sf and is one of the most prestigious new concrete buildings in the South Granville area. The Property allows an investor to secure a rarely available freestanding office building with significant up-zoning potential due to flexible C3-A zoning, and being directly adjacent to the upcoming Granville SkyTrain Station.

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Property Facts

Sale Type

Investment

Property Type

Office

Building Size

14,393 SF

Building Class

Year Built

1998

Price

£9,246,078

Price Per SF

£642

Net Initial Yield

NOI

£277,382

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Typical Floor Size

2,074 SF

Slab to Slab

10 ft

Building FAR

2.50

Lot Size

0.13 AC

Zoning

C-3A - Commercial

Amenities

Air Conditioning

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Walk Score ®

Walker's Paradise (100)

Transit Score ®

Excellent Transit (77)

Bike Score ®

Very Bikeable (86)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

Listing ID: 21152438
Date on Market: 06/10/2020
Last Updated:
Address: 1476 W 8th Ave, Vancouver, BC V6H 1E1

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