Commercial Development For Sale -
2888 Granville Street, Vancouver, Canada - SOLD
- A rare opportunity to own a prize triple corner property - 2888 Granville Street, Vancouver, BC, Canada.
- The property is 9,720 square feet with 81 feet of prime Granville Street frontage and 120 feet of frontage on West 13th Avenue.
- The building will be designed by one of Vancouver's most elite architectural firms, DIALOG.
- The building will be constructed by Graham Construction, which is one of North America's oldest and most financially secure builders.
- The building is 100% leased to Shoppers Drug Mart for 20 years; anticipated commencement date is October 1st, 2011.
- The development will consist of approximately 8,200 square feet on the ground level; 9,355 square feet on the second level; and 20 revenue generating underground parking stalls.
- Grover, Elliot and Company appraised this development on October 4th, 2010, at a 4.5% cap rate.