The Urban Barn property at 2354 Granville Street was just sold by Avison Young Commercial Real Estate. The property is located in the popular South Granville shopping area, home of many multi-national and national tenants. The asking price for the property was $5,300,000, and the selling price was $4,600,000 which represents a selling cap rate of 4.46%. Net operating income for 2009 is $205,200 with a leaseable area of 7200 square feet. Urban Barn is on a 10-year lease tern that ends October 31, 2016.
Categories