1200 Lynn Valley Rd - Office FOR SALE


North Vancouver District, BC V7J 2A2
$16,500,000 CAD
604-640-5838
1200 Lynn Valley Rd, North Vancouver District, BC for Sale
$16,500,000 CAD
Office - FOR SALE
1/8
null | Request Cap Rate

1200 Lynn Valley Rd
North Vancouver District, BC V7J 2A2


OVERVIEW

Cushman & Wakefield ULC is pleased to present 1200 Lynn Valley Road, North Vancouver, BC (the “Property”) known as The Valley Centre. Built in 1987, the Property represents a unique opportunity to acquire a medical, dental, and physio-oriented asset in the heart of Lynn Valley, one of the North Shore’s most desirable mixed-use communities. The Property is enhanced by a groundfloor McDonald’s restaurant and ancillary drive through. The 40,068 square foot building boasts an attractive rent roll of local and national medical and dental users, and benefits from long term leases and historically low turnover. Over 60% of the tenants have occupied the building for more than ten years and more than 50% for more than twenty years demonstrating the building quality, desirability of the location, and lack of competing medical oriented product on the North Shore. The Property has been maintained to a high standard by proactive ownership coupled with diligent property management by SDM Realty and, latterly, Warrington PCI. The ownership has undertaken all major required capital expenditures, including roof and elevator replacement, and life safety upgrades. This stable rent roll coupled with the central location present a highly financeable long-term accretive cash flow for prospective investors. All interested parties should contact the listing agents for access to the data room and further due diligence items upon execution of an NDA

FOR SALE DETAILS

PRICE

$16,500,000 CAD

PRICE/SF

$412 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,526 SF

ZONING

-

APN/PARCEL ID

006-764-720

ASK ABOUT THIS PROPERTY

Leeland BlanchardCushman & WakefieldMore Info
604-640-5838

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Leeland BlanchardCushman & WakefieldMore Info
604-640-5838

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.