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14881 Marine Drive White Rock, British Columbia V4B 1C2

$3,800,000

Rarely does an opportunity arise to acquire over 200 feet of high-exposure retail frontage on the most active block of Marine Drive in White Rock. This 6,727 SF mixed-retail asset consists of five demised units within a single strata lot and offers investors a strong in-place return f approximately 5% with significant near-term upside. Rental growth can be achieved through lease-up of the vacant unit, scheduled rent increases, and forthcoming lease renewals. Situated in one of Metro Vancouver's most desirable waterfront communities, this value-add investment is attractively priced relative to its $4,603,000 assessed value. (id:65196)

Property Details

MLS® Number C8079456
Property Type Retail
Neigbourhood West Beach

Building

Land

Acreage No

https://www.realtor.ca/real-estate/29876826/14881-marine-drive-white-rock

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Stanley Chiu
Personal Real Estate Corporation

(604) 812-3537
www.gammoninternational.com/

Gammon Property Advisors Corporation
#500 - 1501 West Broadway
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(604) 736-6768
(604) 736-6761
gammoncorp.com/

Howard Mak
Personal Real Estate Corporation

(604) 785-7687
www.gammoninternational.com/

Gammon Property Advisors Corporation
#500 - 1501 West Broadway
Vancouver, British Columbia V6J 4Z6

(604) 736-6768
(604) 736-6761
gammoncorp.com/

Jason Fan
The Key Agents

(604) 723-5482
www.thekeyagents.com/

Grand Central Realty
#230 - 3700 North Fraser Way
Burnaby, British Columbia V5J 5H4

(604) 848-8988
(604) 727-9968
www.grandcentralrealty.com

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