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Vacant-User

4010 Main St

4010 Main St, Vancouver, BC V5V 1Z6

Listing Price: $9,000,000

Cap Rate
3.60%
Gross SF
7,875
Rentable SF
7,875
Price/Gross SF
$1,142.86
Lot Size
0.18 acres
Year Built
2014

Investment Overview

A prime opportunity to purchase a tenanted retail air space parcel located along the highly coveted ‘Main Street’ shopping node in Vancouver. 4010 Main Street consists of one air space parcel with a leasable area totaling approximately 7,875 SF and the rights to the commercial parking within the development. The property is ideally located on the northeast corner of Main Street and East King Edward Avenue within 4000 Main, a high-end mixed-use development built by Wesgroup in 2014. The property is comprised of three commercial units currently tenanted by Café Artigiano, Sleep Country Canada, and Crown Dental Centre. All tenants are currently paying below-market lease rates with various lease expiries in 2024.

Investment Highlights

  • Prominent corner location with exceptional exposure onto two busy thoroughfares – Main Street and East King Edward Avenue.
  • Near-term lease expiries with existing below-market rents provides upside for purchasers.
  • Includes the rights to the commercial parking in the underground parkade which includes designated parking stalls for tenants, EV charging parking stalls, and public parking stalls.

Exclusively Listed By

Vacant-User

4010 Main St

Listing Price: $9,000,000

Cap Rate
3.60%
Gross SF
7,875
Rentable SF
7,875
Price/Gross SF
$1,142.86
Lot Size
0.18 acres
Year Built
2014

Investment Highlights

  • Prominent corner location with exceptional exposure onto two busy thoroughfares – Main Street and East King Edward Avenue.
  • Near-term lease expiries with existing below-market rents provides upside for purchasers.
  • Includes the rights to the commercial parking in the underground parkade which includes designated parking stalls for tenants, EV charging parking stalls, and public parking stalls.

Investment Overview

A prime opportunity to purchase a tenanted retail air space parcel located along the highly coveted ‘Main Street’ shopping node in Vancouver. 4010 Main Street consists of one air space parcel with a leasable area totaling approximately 7,875 SF and the rights to the commercial parking within the development. The property is ideally located on the northeast corner of Main Street and East King Edward Avenue within 4000 Main, a high-end mixed-use development built by Wesgroup in 2014. The property is comprised of three commercial units currently tenanted by Café Artigiano, Sleep Country Canada, and Crown Dental Centre. All tenants are currently paying below-market lease rates with various lease expiries in 2024.

Exclusively Listed By

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