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821 6 Ave 13,013 SF 100% Leased Retail Building Hope, BC V0X 1L4 $2,865,422 USD ($220.20 USD/SF) 5.25% Cap Rate



EXECUTIVE SUMMARY
Huge reduction, and CAP Rate is now 5%. Strip mall located in downtown of growing Hope, BC. Zoned CBD, allowing variety of uses. Good CAP rate, and priced below appraisal value. It is a mixed commercial building with five retail units on main and five apartment units on top. Total of eight strata titles and 52 parking stalls. Huge corner lot, about 0.65 acre. Metal roof was installed in 2015, and building was completed around 1992. Opportunity to add potential growth in your investment portfolio. All appointments must be done through the listing realtor. All measurements are approximate and buyers to verify all information if deemed important
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
13,013 SF
Building Class
C
Year Built
1992
Price
$2,865,422 USD
Price Per SF
$220.20 USD
Cap Rate
5.25%
NOI
$150,435 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.46
Lot Size
0.65 AC
Zoning
CBD
Parking
52 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
372’ on Wallace Street
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
1 of 5
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Presented by
Coldwell Banker Executives Realty
821 6 Ave
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