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939 Hastings St E 5,185 SF Flex Condo Unit Offered at $2,393,160 in Vancouver, BC V6A 1R8
INVESTMENT HIGHLIGHTS
- Bike storage facility
- North Shore mountain views
- High-quality office build out
- Excellent exposure to Hastings Street
- 5-minute drive to Downtown Vancouver
- Located in the heart of Strathcona in East Vancouver
EXECUTIVE SUMMARY
The Subject Property is located in the heart of the Strathcona in East Vancouver, with direct exposure onto East Hastings Street, between Raymur and Campbell Avenues and within walking distance is a variety of shops and services, including micro-breweries, artist studios, restaurants, grocery stores and coffee shops. The Property sits just a five-minute drive to Downtown Vancouver and Vancouver International Airport is a 35-minute drive south.
PROPERTY FACTS
| Total Building Size | 60,000 SF | Typical Floor Size | 6,000 SF |
| Property Type | Flex (Condo) | Year Built | 2018 |
| Building Class | A | Lot Size | 0.68 AC |
| Floors | 10 | ||
| Zoning | CD-1 - Commercial | ||
| Total Building Size | 60,000 SF |
| Property Type | Flex (Condo) |
| Building Class | A |
| Floors | 10 |
| Typical Floor Size | 6,000 SF |
| Year Built | 2018 |
| Lot Size | 0.68 AC |
| Zoning | CD-1 - Commercial |
AMENITIES
- Air Conditioning
UTILITIES
- Lighting
- Water
- Sewer
- Heating
1 UNIT AVAILABLE
Unit SL 11
| Unit Size | 5,185 SF | Cap Rate | 4.81% |
| Price | $2,393,160 USD | NOI | $115,136.38 USD |
| Price Per SF | $461.55 USD | No. Parking Spaces | 7 |
| Condo Use | Flex | APN/Parcel ID | 030-453-763 |
| Sale Type | Investment |
| Unit Size | 5,185 SF |
| Price | $2,393,160 USD |
| Price Per SF | $461.55 USD |
| Condo Use | Flex |
| Sale Type | Investment |
| Cap Rate | 4.81% |
| NOI | $115,136.38 USD |
| No. Parking Spaces | 7 |
| APN/Parcel ID | 030-453-763 |
DESCRIPTION
STRATA LOT 11 DISTRICT LOT 181 GROUP 1 NEW WESTMINSTER DISTRICT STRATA PLAN EPS5053 TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM V
SALE NOTES
Avison Young is pleased to present the opportunity to purchase a meticulously maintained and operated, 5,185-sf, strata office space currently occupied by Kirsten Reite Architecture Inc. on a long-term lease. The CD-1 zoning allows for various uses, including but not limited to general manufacturing, office, artist studio, retail, services, wholesaling, restaurant, beauty salon. The WorkSpaces @ Strathcona Village comprises more than 60,000 sf across two (2) floors of industrial-retail flex office space which sit below residential towers to total a 300,000 sf building covering almost an entire city block and designed to LEED Silver standards by the award winning GBL Architects.
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939 Hastings St E
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