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1460-1488 Main St
3,847 SF Office Condo Unit Offered at $1,857,034 USD in North Vancouver District, BC V7J 3V3
Investment Highlights
- $699/SQFT and 7.27% cap rate
- Thoughtfully demised into 23 individual offices
- Stunning brick and beam aesthetic
- Perfect for investors or owner-occupiers with landlord’s right to terminate leases upon ownership transfer
- 1 minute drive to Highway #1 via the Iron Workers Memorial Bridge
- 5-minute walk to the Phibbs Exchange Bus Loop
Property Facts
| Price | $1,857,034 USD | Building Class | B |
| Unit Size | 3,847 SF | Floors | 3 |
| No. Units | 1 | Typical Floor Size | 8,484 SF |
| Total Building Size | 28,923 SF | Year Built | 1997 |
| Property Type | Office (Condo) | Lot Size | 1.50 AC |
| Sale Type | Investment | Parking Ratio | 2.35/1,000 SF |
| Price | $1,857,034 USD |
| Unit Size | 3,847 SF |
| No. Units | 1 |
| Total Building Size | 28,923 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 8,484 SF |
| Year Built | 1997 |
| Lot Size | 1.50 AC |
| Parking Ratio | 2.35/1,000 SF |
1 Unit Available
Unit 200
| Unit Size | 3,847 SF | Sale Type | Investment |
| Price | $1,857,034 USD | Cap Rate | 7.27% |
| Price Per SF | $482.72 USD | NOI | $135,006.39 USD |
| Condo Use | Office | APN/Parcel ID | 023-496-843 |
| Unit Size | 3,847 SF |
| Price | $1,857,034 USD |
| Price Per SF | $482.72 USD |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| NOI | $135,006.39 USD |
| APN/Parcel ID | 023-496-843 |
Description
This exceptional investment and owner-occupier opportunity features a 3,847 square foot office space that is turn-key ready. Leases are structured with termination clauses, providing for the opportunity to occupy upon ownership transfer. Ideal for investors seeking a property with established short-term tenants, the office unit boasts an impressive design with exposed brick and beam, frosted glass-enclosed offices, and a mix of tile and wood flooring, along with an industrial-chic boardroom. The premises benefit from 10 exclusive underground parking stalls and are in immediate proximity to common washrooms and a kitchenette. Currently, 21 of 23 of the locking micro-offices within the space are occupied by short-term tenants, offering the option to either occupy a portion of the premises in the future while still enjoying supplementary income, or to utilize the entire space exclusively for your business.
Sale Notes
Owner Occupier/Investor Opportunity
$699/SQFT and 7.27% cap rate
Perfect for investors or owner-occupiers with landlord’s right to terminate leases upon ownership transfer
Thoughtfully demised into 23 individual offices
1 minute drive to Highway #1 via the Iron Workers Memorial Bridge
Stunning brick and beam aesthetic
5-minute walk to the Phibbs Exchange Bus Loop
10 exclusive underground parking stalls
Owner occupier and investor opportunity
Leases are structured with termination clauses, providing for the opportunity to occupy upon ownership transfer.
Amenities
- Banking
- Bus Line
- Signage
zoning
| Zoning Code | C3 |
| C3 |
Learn More About Investing in Office Space
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1460-1488 Main St
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