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1476 W 8th Ave 14,393 SF 100% Leased Office Building Vancouver, BC V6H 1E1 $9,166,508 USD ($636.87 USD/SF) 4.02% Cap Rate
Investment Highlights
- Fully leased to Ivanhoé Cambridge, ensuring reliable financial performance and minimal risk exposure.
- Positioned directly beside the future Granville SkyTrain Station, part of the Millennium Line extension.
- With $50B in equity, Ivanhoe Cambridge is among the elite of national tenants, offering a level of incomparable security
- Located in the South Granville district, adjacent to West Broadway and three blocks from the Granville Bridge.
- Architecturally distinctive concrete and glass structure delivering design quality and ownership appeal.
- Zoned C3-A with flexible provisions for future increases in density and redevelopment potential.
Executive Summary
1476 West 8th Avenue offers a rare opportunity to acquire a fully stabilized, 100% freehold interest in one of South Granville’s most notable office buildings. Situated just one block from the intersection of West Broadway and Granville Street, this four-storey asset delivers exceptional connectivity to Vancouver’s core business districts, the upcoming Granville SkyTrain Station, and urban lifestyle destinations.
The property comprises 14,393 square feet across four floors with modern architectural design and a strong tenant covenant. Currently leased to Ivanhoé Cambridge, a blue-chip national tenant with $50 billion in equity, the building provides investors with secure cash flow and minimal maintenance obligations. Positioned within the C3-A zoning district, the property offers significant future up-zoning and density increase potential under the Broadway Plan, with allowances up to 8.0 FSR and 25 storeys. Additionally, the arrival of the Millennium Line extension will enhance accessibility and demand in this rapidly evolving corridor.
A strong employment base, unmatched local amenities, and outstanding transit infrastructure make 1476 West 8th Avenue a compelling long-term investment in one of Vancouver’s most desirable submarkets. The asking price reflects both current income security and transformative growth potential.
The property comprises 14,393 square feet across four floors with modern architectural design and a strong tenant covenant. Currently leased to Ivanhoé Cambridge, a blue-chip national tenant with $50 billion in equity, the building provides investors with secure cash flow and minimal maintenance obligations. Positioned within the C3-A zoning district, the property offers significant future up-zoning and density increase potential under the Broadway Plan, with allowances up to 8.0 FSR and 25 storeys. Additionally, the arrival of the Millennium Line extension will enhance accessibility and demand in this rapidly evolving corridor.
A strong employment base, unmatched local amenities, and outstanding transit infrastructure make 1476 West 8th Avenue a compelling long-term investment in one of Vancouver’s most desirable submarkets. The asking price reflects both current income security and transformative growth potential.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,393 SF
Building Class
C
Year Built
1998
Price
$9,166,508 USD
Price Per SF
$636.87 USD
Cap Rate
4.02%
NOI
$368,494 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
2,074 SF
Slab To Slab
10’
Building FAR
2.50
Lot Size
0.13 AC
Zoning
C-3A - Commercial
Amenities
- Air Conditioning
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
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1476 W 8th Ave
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