Partnership. Performance.
FOR SALE Retail Strata Investment Opportunity
Mehdi Shokri, Principal 604.647.1355
[email protected] 140 & 142 EAST ESPLANADE NORTH VANCOUVER, BC
140 & 142
EAST ESPLANADE NORTH VANCOUVER, BC
-- Located just one block away from the bustling Lower Lonsdale corridor, the subject property enjoys prodigious amounts of exposure to vehicle and pedestrian traffic. -- The subject property is in near proximity to the Lions Gate Bridge and the Trans-Canada Highway, providing a convenient commute to any point in Metro Vancouver. -- The neighbourhood of Lower Lonsdale, extending from Lonsdale Quay along Esplanade Avenue and north along Lonsdale Avenue, has been transformed into a retail epicentre of North Vancouver and is surrounded by an array of new developments and timeless heritage buildings. 15 14 13
12
3 2
4
3 8
6
4
5
Suite 140
995 sf
Suite 142
1,000 sf
Total
1,995 sf
Zoning CD-393
Sale Price*
$1,500,000 for both units
Tenancy
Net Operating Income $59,850 11
Cape Rate
10 9 8
Site 8 (Polygon)
Unit Size (Fully Leased)*
Anthem Properties (3 year term: Expiry October 31, 2018)
6
2 1
Municipal Address
140 & 142 East Esplanade North Vancouver, British Columbia
Location
1
Property Summary
Subject Property
Strata Fees 7
9
4.0%
Waterfront Development
7
Lonsdale Quay
Suite 140 Suite 142
Annual Taxes Suite 140 Suite 142
5
$495.46 Per Month $500.84 Per Month $10,703.62 (2014 Estimate) $10,768.98 (2014 Estimate)
*Each property includes one underground parking stall with visitor parking stalls shared by all five commercial strata lots.
SeaBus Terminal
Source: Google
Surrounding Retailers 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
TD Canada Marketplace IGA Shoppers Drug Mart BC Liquor Store Seabus Terminal Lonsdale Quay Tap & Barrel Gusto Di Quattro Burgoo Bistro The District Fishworks Blenz Browns Social House Crocodile Baby Starbucks
New Development 1
West Quay
2
Capstone
3
Bella Doni
4
The Versatile
5
The Anchor
6
Wallace & McDowell
7
Waterfront Development
8
Site 8 - Future Development
9
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