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New East Hastings office strata sells for $656 per square foot

The 5,185-square-foot strata office in Vancouver, with a 10-year lease in place, sold for $3.4 million at a 4.29 per cent capitalization rate.
Western Investor Staff
939 East Hastings Street, Vancouver
Avison Young, Vancouver, for Western Investor

Property type: Strata office

Location: 939 East Hastings Street, Vancouver

Property size: 5,185 square feet

Number of tenants: 1

Zoning: CD-1

List price: $3.6 million

Sale price: $3.4 million

Date of sale: April 30, 2021

Brokerage: Avison Young, Vancouver

Broker: Stuart Wright