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Recent Commercial Sales Retail Real Estate

Recent Sale: 6038 Kingsway, Burnaby

6038kingswayThe Arby’s restaurant property at 6038 Kingsway in Burnaby was just sold for $1,767,600 by Re/Max. The property is a couple blocks east of the busy Imperial Street and Kingsway intersection. The building has a retail and office component totaling 3,735 square feet, with 25 surface parking stalls. Zoning is C7, and lot area is approximately 16,888 square feet. The original asking price for the property was $2,280,000.

Original 6038 Kingsway Brochure

Categories
Multi-Family Real Estate Recent Commercial Sales

Recent Sale: 9275 Mary Street, Chilliwack

maryHillgate Manor in Chilliwack on the Northwest Corner of Mary Street and Spadina Avenue was recently sold by John Gee of Colliers. Price paid for the Apartment was $2,791,000. Number of units total 42, and the lot area is approximately 28,000 square feet. The building is situated in downtown Chilliwack.

The Building is approximately 32 years old and had an original asking price of $3,438,000.

Files:
Original PDF Brochure

Categories
Office Real Estate Recent Commercial Sales

Recent Sale: 1326-1336 Main Street, North Vancouver

1330mainThe Office building at 1326-1336 Main Street in North Vancouver was recently sold by Forman and Pilkington at Re/Max Commercial for $2,800,000. This price represents a Price per square foot of $183.

The Building on the property is a one-storey Office Building with 15,288 of leaseable square footage. The Real Esate Property is situated on the corner of Main Street and Lynn Ave in North Vancouver a few blocks from Park and Tilford shopping centre. The property is zone I-3 Light Industrial and the asking price was $3,200,000.

Original Brochure Here:
1130 Main Brochure

Categories
Office Real Estate Recent Commercial Sales Retail Real Estate

Recent Sale: 8434 120th Street, Surrey

plaza84A Retail and Office building on the northest corner of 120th Street and 84th Avenue in Surrey was just sold. Brokered by the boys at Mac Realty, the building featured two floors, with the first floor retail and second floor offices.

The building is named Plaza 84 and has several small local shops and restaurants including Church’s Chicken, with approximately 17,360 square feet of leasable space. Price paid for the property was $2,587,500, which represents a price of $149 per square foot.

Categories
Office Real Estate Recent Commercial Sales

Recent Sale: 1040 West Georgia, Vancouver

1040photoSome details have finally surfaced on the Grosvenor sale at 1040 West Georgia Street in Downtown Vancouver. This huge real estate deal was brokered by the guys at Cushman & Wakefield for $84,000,000. The assessed value for the subject property is $72,969,000.

The Office tower has 22-Storeys, and is located between Burrard and Thurlow on W. Georgia Street. The total floor area measures 203,748 Square Feet, which works out to approximately $412 per square foot. Sure doesn’t feel like there’s any slowdown of sales here!

The Office Building has a website here:
http://www.1040westgeorgia.com

Categories
Recent Commercial Sales

Recent Sale: 2855 East 1st Avenue, Vancouver

renfrewchurchThe Unique Properties Real Estate Group at Colliers has just sold the Renfrew United Church property at 2855 East 1st Avenue in Vancouver. The property is located just west of Renfrew. The total area of the building is 8,000 sq ft, and the lot is about 0.52 acres.

The selling price for the real estate property was $2,350,000.

Categories
Multi-Family Real Estate Recent Commercial Sales

Recent Sale: 3091 Lincoln Avenue, Coquitlam

windsorgatePolygon has sold their brand new Greensborough at Windsor Gate real estate development at 3091 Lincoln Avenue in Coquitlam. The building is a 66 Unit, 4-Storey, Low-Rise apartment building, sitting on a 0.94 Acre lot zoned RM-6, which allows for 2.2 FSR Multi-Family development. The marketing website for the development is no longer available.

The asking price for the property was $11,500,000, and the selling price was $10,450,000. Sources indicate this is approximately a 6.4% cap rate.

PDF of the Floorplans Attached

Categories
Multi-Family Real Estate Recent Commercial Sales

Recent Sale: 6550 Nelson Avenue, Burnaby

6550nelsonAnother recent sale by the Goodmans, Selkirk House, located at 6550 Nelson Avenue in Burnaby, BC is a 57-Unit three-storey low-rise located a stones throw away from Metrotown Shopping Centre. The Apartment complex resides on a 0.97 Acre lot. Sale price has not been announced but the assessed value is $7,189,000, and the asking price was $6,500,000.

Categories
Multi-Family Real Estate Recent Commercial Sales

Recent Sale: 540-542 Rochester Avenue, Coquitlam

HamptonThe Goodmans have sold another apartment building located at 540-542 Rochester Ave in Coquitlam – The Hampton Carlisle. The 132-Unit Low-Rise apartment building is located on 2.19 acres of land in Coquitlam, just off Lougheed Highway and a short walk from Lougheed Shopping Centre. The Assessed value of the property and improvements is $14,148,000. Sold price has not been announced, but asking price was $15,800,000 which is a 4.2% Cap Rate.

More information including financials here:
http://hamptoncarlisle.com/

Categories
Multi-Family Real Estate Recent Commercial Sales

Recent Sale: 535-555 Shaw Avenue, Coquitlam

555shawThe Renaissance Apartments on Shaw Avenue were sold earlier this month, brokered by NAI Commercial Real Estate. The property is improved with 111 low-rise apartment units on approximately 1.83 Acres in Coquitlam, close to the Lougheed Hwy and North Road intersection. The zoning for the area is RM-2, which allows for a 0.9 FSR, and 3-storey maximum height. The property sold for $11,950,000, and the asking price was $13,800,000.