The investment opportunity you have been waiting for: 6% CAP RATE on current income, fully RENOVATED office building in North Vancouver, 93% occupied, with a repositioning strategy to generate a 47% cash-on-cash return over 3 years. William Wright Commercial is proud to present LIONS GATE CENTRE, a 26,259 SF concrete office building, uniquely structured as 16 strata-titled units and generating over $1M in gross annual income. Lions Gate Centre is located along Marine Drive in North Vancouver; a corridor which is highly regarded for its a blend of urban conveniences, strong population, and scenic outlooks. With the recently renovated Park Royal Shopping Centre to the West, Lions Gate Bridge to the South, Highway 1 to the North, and Capilano Mall to the East, Lions Gate Centre is fully supported by area drivers and accessibility. Lions Gate Centre also benefits from the surge in population density immediately surrounding the site, with over 2,000 new homes (completed since 2018 & projected).
Basic Details
Property Type :
Listing Type : For sale
Listing ID : C8052758
Price : $14,000,000
Bedrooms : 0
Interior Size : 0.60 Acre
Bathrooms : 0
Lot Size : 0.34 Acre
Year Built : 1984
Meta Keywords : 2030 MARINE DRIVE, North Vancouver, BC V7P 1V7, ,For sale,2030 MARINE DRIVE,C8052758
Listing courtesy of : William Wright Commercial Real Estate Services
Features
Amenities : Air conditioning, Washrooms female/male, Alarm system, Boardroom, Lunchroom, Hvac system, Elevator passenger, Secured building
