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.
