Vancouver, BC V6A1H6 786 POWELL STREET
$2,949,000
0 more
Presented By: Stonehaus Realty Corp.
Home Details
Iconic Properties Group introduces a lucrative investment opportunity'a renovated standalone building in Strathcona, with both floors fully leased to professionals, with desirable lease terms. Upgraded extensively in 2020, it features modern amenities, seismic resilience, and M-2 zoning with 5.0 FSR redevelopment potential. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system. Conveniently located for easy access to Vancouver's core and Highway 1. With a desirable cap rate of 4.5%, increasing to 4.7% by Year 3, secure a hassle-free, income-producing asset in a thriving area. The lease terms include built-in rental escalations, ensuring the potential for increasing returns. Don't miss this chance to invest in a meticulously upgraded property, strategically poised for future growth. (id:7434)
Presented By: Stonehaus Realty Corp.
Interior Features for 786 POWELL STREET
Other Interior Features
Building Fireplace PresentFalse
General for 786 POWELL STREET
Maintenance Fee$0.00
Property TypeIndustrial
Zoning DescriptionM-2
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty