retail / residential property€¦ · basement $500 commercial 1st floor $4,000 gross revenue...
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NAI Commercial 535 Thurlow Street, Suite 100
Vancouver, BC V6E 3L2 +1 604 683 7535 naicommercial.ca
Highlights Conveniently situated on Broadway & Fraser Street, the subject property
makes an excellent mixed-use building with close proximity to VCC-Clark
Skytrain Station. Holding income property with redevelopment potential up to
six storeys.
721 East Broadway, Vancouver, BC
FOR SALERetail / Residential Property
Michael Marckwort Investment Broker 604 691 6638 [email protected]
SOURCE: Google
OpportunityThe subject property makes an excellent mixed-use building located on Broadway & Fraser Street. With close proximity to VCC-Clark Skytrain Station, the building has potential to assembly adjacent properties for a larger development site. Holding income property with redevelopment potential for up to six storeys.
FinancialsUnit Monthly Annual
Current Gross Revenue Residential Upstairs $2,550
Residential Upstairs $2,900
Residential Upstairs $900
Basement $500
Commercial 1st Floor $4,000
Gross Revenue $10,850 $130,200
Total Operating Expenses
Insurance $1,500
Property Tax $9,000
Maintance $6,510
Total $17,010
Net Operating Income $113,190
Cap Rate 2.64%
Property Highlights
Lot Size4,026 sf (33’ x 122’)
Building Size6,600 sf Second Floor – residential with two, three-bedroom units & one bachelor suite Ground Floor – commercial space (leased)
Current Buildable Area 13,084.5 sf
Buildable Land Price$328 psf
ZoningCurrently C-2C The Mount Pleasant Official Community Plan allows for an FSR of 3.25 and up to six storeys
Net Operating Income (NOI)$113,190
Cap Rate2.64%
Price$4,288,000
721 East Broadway,Vancouver, BC
SOURCE: Google
SUBJECT PROPERTY
NAI Commercial 535 Thurlow Street, Suite 100
Vancouver, BC V6E 3L2 +1 604 683 7535 naicommercial.ca
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied. Ag/8326_noblerd.Indd/sep 16, 2015/bb
Michael Marckwort Investment Broker 604 691 6638 [email protected]
SOURCE: Google
SUBJECT PROPERTY