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Vacant-User

ELDORADO MEWS

2310 Kingsway, Vancouver, BC V5R 5G9

Listing Price: $24,352,000

Cap Rate
3.85%
Rentable SF
26,678
Lot Size
0.61 acres
Year Built
2013

Investment Overview

The Vendor has exclusively retained Marcus & Millichap to facilitate the sale of 2310-2372 Kingsway, Vancouver, BC (the “Subject Property”). The Subject Property represents a rare opportunity to acquire two separate air space parcels secured by long-term NNN leases with national tenants. The Subject Property is located at the high-profile intersection of Kingsway and Nanaimo Street, within the Renfrew-Collingwood neighbourhood, more specifically Norquay Village, an over 350-acre area undergoing strong development and growth.

Investment Highlights

  • Anchored by the Royal Bank of Canada, Shoppers Drug Mart, and Eldorado Liquor Store, which collectively comprise 82% of the total base rental revenue.
  • 26,678 SF of retail space comprised of two air space parcels, and exclusive use of over 150 parking stalls.
  • Located within a mixed-use development with 335 residential suites above. Central location to Downtown Vancouver, Metrotown Mall, nearby schools, retail amenities, and two SkyTrain stations.

Exclusively Listed By

Listing Price: $24,352,000

Cap Rate
3.85%
Rentable SF
26,678
Lot Size
0.61 acres
Year Built
2013

Investment Highlights

  • Anchored by the Royal Bank of Canada, Shoppers Drug Mart, and Eldorado Liquor Store, which collectively comprise 82% of the total base rental revenue.
  • 26,678 SF of retail space comprised of two air space parcels, and exclusive use of over 150 parking stalls.
  • Located within a mixed-use development with 335 residential suites above. Central location to Downtown Vancouver, Metrotown Mall, nearby schools, retail amenities, and two SkyTrain stations.

Investment Overview

The Vendor has exclusively retained Marcus & Millichap to facilitate the sale of 2310-2372 Kingsway, Vancouver, BC (the “Subject Property”). The Subject Property represents a rare opportunity to acquire two separate air space parcels secured by long-term NNN leases with national tenants. The Subject Property is located at the high-profile intersection of Kingsway and Nanaimo Street, within the Renfrew-Collingwood neighbourhood, more specifically Norquay Village, an over 350-acre area undergoing strong development and growth.

Exclusively Listed By

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