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Vacant-User

1268 Pacific Blvd

1268 Pacific Blvd, Vancouver, BC V6Z 2W3

Listing Price: $3,550,000

Cap Rate
2.42%
Gross SF
2,307
Rentable SF
2,307
Price/Gross SF
$1,538.79
Lot Size
0.05 acres
Year Built
1995

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 1268 Pacific Boulevard (the "Subject Property"). This offering represents an excellent owner-occupier or value-add opportunity located in a prime location in Yaletown with proximity to transit, high-rise apartments, and just steps from an array of amenities.

Investment Highlights

  • Owner-occupier or value-add opportunity
  • Strata unit tenanted by Varnish Nails & Beauty, situated within a mixed-used strata complex located at Drake Street and Pacific Boulevard in Vancouver's Yaletown
  • Vacant Possession Possible: Well-positioned opportunity for owner-occupier given the location, exposure and accessibility, and the price per square foot ($1,539 / Sq. Ft.) relative to comparable CRUs
  • Below market rents; opportunity to acquire the Subject Property and raise rents to market upon lease expiry (or prior with vacant possession possible)
  • Existing tenant has no further options to renew, providing flexibility in May 2028

Exclusively Listed By

Vacant-User

1268 Pacific Blvd

Listing Price: $3,550,000

Cap Rate
2.42%
Gross SF
2,307
Rentable SF
2,307
Price/Gross SF
$1,538.79
Lot Size
0.05 acres
Year Built
1995

Investment Highlights

  • Owner-occupier or value-add opportunity
  • Strata unit tenanted by Varnish Nails & Beauty, situated within a mixed-used strata complex located at Drake Street and Pacific Boulevard in Vancouver's Yaletown
  • Vacant Possession Possible: Well-positioned opportunity for owner-occupier given the location, exposure and accessibility, and the price per square foot ($1,539 / Sq. Ft.) relative to comparable CRUs
  • Below market rents; opportunity to acquire the Subject Property and raise rents to market upon lease expiry (or prior with vacant possession possible)
  • Existing tenant has no further options to renew, providing flexibility in May 2028

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 1268 Pacific Boulevard (the "Subject Property"). This offering represents an excellent owner-occupier or value-add opportunity located in a prime location in Yaletown with proximity to transit, high-rise apartments, and just steps from an array of amenities.

Exclusively Listed By

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