1281 Johnston Rd
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1281 Johnston Rd
7,205 SF 100% Leased Office Building White Rock, BC V4B 3Y9 $5,927,186 USD ($823 USD/SF) 4.20% Cap Rate
Executive Summary
Waterfront Business Centre! This is an outstanding opportunity to own a FREE-STANDING COMMERCIAL BUILDING in beautiful uptown White Rock. This building was completely renovated with a modern appeal in 2016. It has 3 floors and boasts an amazing ocean view from the 3rd floor professional offices with a gorgeous 500 sf deck/patio. Equipped with an elevator and has parking for 12 cars and a handicap spot, as well as free street parking in front! This is truly a one of a kind building that has an incredible income with a 4.2% cap rate!
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
7,205 SF
Building Class
C
Year Built/Renovated
1995/1997
Price
$5,927,186 USD
Price Per SF
$823 USD
Cap Rate
4.20%
NOI
$248,942 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,470 SF
Slab To Slab
8’
Building FAR
0.87
Lot Size
0.19 AC
Zoning
CR-2
Parking
14 Spaces (1.9 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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Walk Score ®
Walker's Paradise (96)
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1281 Johnston Rd
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