Vancouver Commercial Real Estate A Vancouver Real Estate Blog

13Aug/100

Recent Sale: 700-730 Davie Street, Vancouver

Simon Lim of Colliers International recently sold the property located on the corner of Davie and Granville at 700-730 Davie Street in Downtown Vancouver. The property was listed for sale at $5,250,000 and sold for $5,190,000. The property is improved with a single storey retail building which is divided into 5 strata lots featuring a total of 4,562 sf of leaseable area. The lot area measures 5,996.9 sf.

Downloads:
700-730 Davie Street Brochure

10Aug/100

Recent Sale: 1133-1155 Melville St, Vancouver

Avtar Bains, of Colliers International, has brokered the sale of the Office Building on 1133 & 1155 Melville Street in Downtown Vancouver. The 10-storey building totals 99,100 square feet and is partially stratafied with 14 live/work units. Floors two through five are parking. The final selling price of the property was $27,500,000, representing a price per square foot of $279.

28Jul/100

Goodman’s Latest Multi-Family Sales Update

The Goodman Report's latest update as of July 14th, 2010 has all of the Apartment sales Year-to-Date. Check it out for some fantastic information:

http://www.goodmanreport.com/GetPubFile.asp?file=231&type=1

28Jul/100

Recent Sale: 998 Thurlow Street, Vancouver

The Washington Court apartment building on the corner of Thurlow and Nelson Street in Downtown Vancouver was recently sold by RE/MAX Jake Moldowan. The property is measures 8,646 sf and is improved with a 44-unit, 5-Storey plus Basement apartment building which is approximately 91 years old. The building is well-maintained, and sold for $12,100,000, representing a price per unit of $275,000 and has an assessed value of $8,864,667.

21Jul/100

Recent Sale: Northwest Hardwoods Site, Delta

John Boer of Colliers has recently brokered the sale of the Northwest Hardwoods Site located at 6939, 7150 Tilbuy Road, and 7505 Hopcott Road in Delta. The sale comes after the closing of the Northwest Hardwoods Mill in early 2009 by Weyerhauser. The site sold for $15,000,000, and has a total area of 27.05 acres, with approximately 4.25 acres of dedicated easement land for a net area of 22.8 acres. This represents a price per acre of $657,895.

6939, 7150 Tilbury Road & 7505 Hopcott Road Brochure

13Jul/100

Recent Sale: #2000 – 22091 Fraserwood Way, Richmond

Anthony Lux at DTZ Barnicke has recently brokered the sale of the brand new 25,982 sf industrial building located at #2000 - 22091 Fraserwood Way in East Richmond. The brand new structure features 3 dock loading bays and one grade loading bay. The final sale price of the strata property was $4,050,000, representing a price per square foot of $156. Unit #2000 is the largest and only stand-alone unit in the Fraserwood business park which features an additional 12 attached office/industrial units which have been partially sold.

13Jul/100

Recent Sale: 1938 152nd Street, Surrey

Another South Surrey sale, this time brokered by the team at MacDonald Commercial Realty including the Goodmans, is the retail commercial property located at 1938 152nd Street. The property boasts multi-family development potential (for an additional 100,000sf based on 2.5 FSR) with holding income and is located very close to the Semiahmoo Shopping Centre that recently sold. The selling price was $7,250,000 representing approximately 5.2% cap rate based on the in-place NOI of $374,100. The original asking price was $7,900,000. Total land area is 59,206 sf, with the total building area on the property measuring approximately 48,571 sf.

Downloads:
PDF Brochure for 1938 152nd Street

6Jul/100

Recent Sale: Semiahmoo Shopping Centre, Surrey

Semiahmoo Shopping Centre in Surrey, or what is popularly called by residents of the area as "South Surrey" has recently been sold by CBRE. The property is located on 152nd Avenue and 16th Street in Surrey. The selling price of the property was $82,700,000, and was purchased by First Capital Realty, which is now prominently displayed on the Semiahmoo Shopping Centre Website. This sale occurs as a significant amount of renovation completes this year for their 30th birthday. The shopping centre features 275,000 square feet of floor area (253,201 sf leaseable) and 75 shops and services. Anchor tenants include: PriceSmart Foods, Zellers and a BC Liquor Store. Attached is a Colliers Leasing Brochure from when Bosa Owned the property providing a good map of the centre.

PDF:
Semiahmoo Leasing Brochure

21Jun/100

Recent Sale: Lougheed Town Centre, 9855 Austin Road

One of the larger recent sales that have completed is the sale of Lougheed Town Centre mall in Burnaby, BC. The sale price of the property was $132,847,705 and features 600,000 square feet. Lougheed Town Centre is the second largest mall in Burnaby with 140 stores and services. Some major national and multi-national tenants include Wal-Mart (136,300 sf), Hudson's Bay Company (125,400 sf), London Drugs (35,000 sf), and Safeway (30,000 sf). The property has an assessed value for taxes of $144,149,000.

Links:
Official Lougheed Town Centre Website

16Jun/100

Recent Sale: #1105 – 22091 Fraserwood Way, Richmond

Another one of Don Viner and Nelson Chung's units at 22091 Fraserwood Way have completed. Patsy Hui of Re/Max has also been involved in the sales of these units. The unit sold for $330,500, representing a price per square foot of $163. The total square footage of the unit is 2,023, and is a ground floor office unit facing the highway, with a side grade loading door.

Please find the brochure for the property here:
22091 Fraserwood Way Brochure