Vancouver Commercial Real Estate A Vancouver Real Estate Blog

26Jan/100

Recent Sale: 2830-2844 Bainbridge, Burnaby

Simon Lim of Colliers has just closed the deal on 2830-2844 Bainbridge in Burnaby. The Property has an area of approximately 52,708 square feet, and is improved with two separate retail buildings with a gross leasable area of 13,571 square feet. The buildings were contstructed in 1979, and one of the buildings required a fairly significant amount of renovation, which was reflected in the sale price. Currently the property has an FSR of 0.26. The list price of the property was $3,880,000, and the final selling price was $2,950,000.

Original Brochure:
2830-2844 Bainbridge

18Jan/100

New Listing: #200 – 7900 Westminster Hwy, Richmond

Simon Lim and Nelson Chung have listed a new commercial property on Westminster Highway in Richmond. The Subject Property is a 11,915 square feet strata commercial unit located on the second floor of Three West Centre in Richmond. The restaurant tenant has a lease in place until 2018, and the property has a high cap rate. Please contact Nelson Chung for more information at 604-692-1469. The asking price for the property is $5,980,000.

Download PDF Brochure:
#200 - 7900 Westminster Hwy

30Nov/090

Recent Sale: 8091 Park Road, Richmond

parkvillageThe Park Village Shopping Centre at 8091 Park Road in Richmond was recently sold for the price of $16,000,000. The zoning for the property is currently C-6 Commercial, but the new CCAP defines the area as T-6 Urban Core, a zoning that allows for 3.0 FSR with a 1.0 FSR Village centre bonus. The assessed value for the property is $14,494,000, with a site area of 92,713 square feet.

29Oct/090

Recent Sale: 1606 & 1698 Findlay Road, Kelowna

kelowna-storageSimon Lim and Morgan Dyer here at Colliers just closed the deal on the Kelowna Self Storage property on 1606 & 1698 Findlay Road in Kelowna, BC. The property consists of two legal parcels measuring 5.55 Acres, and is improved with 30 buildings which contain 639 storage units and 40 mailboxes. The assessed value of the property was $7,286,500 and the selling price of the property was $9,550,000.

1606 & 1698 Findlay Road Brochure

22Oct/090

Recent Sale: 20457 Fraser Highway, Langley

20457-fraserThe mixed use commercial building on the northeast corner of Glover Rd and Fraser Highway in Downtown Langley was sold. The civic address of the property is 20457 Fraser Highway, and is improved with a two-storey building with a mix of retail and office. The assessed value of the property is $1,924,000, and the selling price was $2,700,000. The site has an area of 7187 square feet.

7Oct/090

Recent Sale: 1184 Denman Street, Vancouver

englishbaySimon Lim and Cecilia Tse of Colliers recently brokered the sale of English Bay Village shopping mall on 1184 Denman Street in Vancouver. The 17,855 square foot retail centre is located on an air parcel with 130 feet of frontage on Denman street. The building is two storeys and features office and retail units. The selling price for the property was $10,500,000. The zoning for the property is C-5.

7Oct/090

Recent Sale: 13583 104th & 13550 105th Ave, Surrey

surreyAvison Young recently brokered the sale of Commercial Land in the Surrey City Centre area to the City of Surrey. The Municipal government purchased the 3.472 Acre property for $8,500,000. The price represents a price per acre of $2,448,157, and a price per square foot of land area of $56.

1Oct/090

Recent Sale: 877 East Hastings St, Vancouver

IMG_1081Colliers has brokered the sale of the Retail/Office mixed-use property on 877 East Hastings Street in Vancouver. The 15,250 square foot property is improved with a three-storey building built in 1986, measuring 26,345 square feet of leasable area, and zoned M-1 Industrial. The property also features underground parking with 44 stalls. Sale price on the property was $4,375,000 with an original listing price of $4,588,000. The property was Vacant at the time of sale.

30Sep/090

Recent Sale: 20279 Lougheed Hwy, Maple Ridge

mapleridge-volksColliers has recently brokered the sale of the Volkswagen dealership property at 20279 Lougheed Highway in Maple Ridge for $2,397,500, which has a lot area of 28,355 square feet and a building area of 10,000 square feet. The net operating income is listed as $300,000 with 5 years left on the lease, which gives a capitalization rate of 12.5% on the sale price. The original asking price for the property was $3,050,000 which included a Freehold Purchase of 0.55 Acres and the possibility of a lease assignment of 0.52 Acres for a total of 1.07 Acres.

Original PDF Brochure - 20279 Lougheed

23Sep/090

Recent Sale: 1415 St. Georges Ave, North Vancouver

1415stgeorgesColliers recently brokered the sale of a 77-Unit Mixed-Use Apartment Building at 1415 St. Georges Street in North Vancouver. The apartment and commercials units were all strata-titled. The sale price of the property was $10,850,000. The building consists of several ground-floor retail units and doctors offices as well as the residential units.