604-694-7273
2030 Marine Dr, North Vancouver District, BC for Sale
Office - FOR SALE
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2030 Marine Dr
North Vancouver District, BC


HIGHLIGHTS

  • Occupier opportunity with landlord’s right to terminate leases upon ownership transfer.
  • Fully renovated concrete office building with 16 strata-titled units.
  • Leases are structured with termination clauses, providing for the opportunity to occupy upon ownership transfer.
  • 97% of the office units are occupied, with upside to lease the owner-occupied units for an estimated gross annual rent of $60,000+/-.
  • Future opportunity to negotiate easement compensation with adjacent property.
  • Fully renovated concrete office building with high-end finishings, sprinkler system, modern exterior paint, and new HVAC, CCTV security, and electric

OVERVIEW

The investment opportunity you have been waiting for: a fully RENOVATED office building in North Vancouver, 99% occupied, with over $1.15 Million in gross annual income. William Wright Commercial is proud to present LIONS GATE CENTRE, a 26,259 SF concrete office building, uniquely structured as 16 strata-titled units. Lions Gate Centre is located along Marine Drive in North Vancouver; a corridor which is highly regarded for its a blend of urban conveniences, strong population, and scenic outlooks. With the recently renovated Park Royal Shopping Centre to the West, Lions Gate Bridge to the South, Highway 1 to the North, and Capilano Mall to the East, Lions Gate Centre is fully supported by area drivers and accessibility. Lions Gate Centre also benefits from the surge in population density immediately surrounding the site, with over 2,000 new homes (completed since 2018 & projected).

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,803 SF

ZONING

CD81

APN/PARCEL ID

023-306-807

ASK ABOUT THIS PROPERTY

Meg CooneyWilliam Wright CommercialMore Info
604-694-7273

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Meg CooneyWilliam Wright CommercialMore Info
604-694-7273

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