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Marpole Medical Centre 8675-8679 Granville St 7,068 SF 100% Leased Office Building Vancouver, BC V6P 5A3 For Sale

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Investment Highlights

Exceptional exposure on Granville Street with high daily traffic counts
Flexible lease agreements allowing for end user applications, repositioning or redevelopment
Close proximity to major transit hubs, restaurants and community amenities

Significant redevelopment potential (up to 12 storeys & 26,384 sf of buildable)
10 surface parking stalls at the rear in addition to streetside parking
Professional tenant mix with strong holding income

Executive Summary

A unique opportunity to acquire a medical office building with redevelopment upside in Vancouver’s Marpole neighborhood. The subject property is currently improved with a 5,740 square foot, two-storey office building comprised of four units. There are pliable lease agreements in place allowing for end user applications, repositioning and/or future redevelopment. The Local Area Plan allows for a mixed-use development up to 12 storeys with a gross buildable of 26,384 square feet.

8675 Granville St Brochure Web

CA - 8675 Granville St, Vancouver

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

7,068 SF

Building Class

Year Built

1989

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

3,534 SF

Building FAR

1.10

Lot Size

0.15 AC

Zoning

C-2 - https://guidelines.vancouver.ca/guidelines-c-2.pdf

Parking

10 Spaces (1.41 Spaces per 1,000 SF Leased)

Major Tenants

Health Care and Social Assistance
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LifeLabs is Canada's leading provider of laboratory diagnostic services that has been serving the healthcare needs of Canadians for more than 50 years. Over a million Canadians count on LifeLabs for the information they need to make decisions about their health. Each year they perform over 112 million laboratory tests to help diagnose, treat, monitor and prevent disease. Supported by four core divisions – LifeLabs, LifeLabs Genetics, Rocky Mountain Analytical and Exceler's, together they are driven by a passion to build a healthier Canada. They care about people’s health and are committed to empowering a healthier you. At every step in the testing process, from collection to reporting, they provide caring, efficient, reliable and high-quality services.