A Fairview Slopes multi-tenant office building has sold for $20 million, Colliers International tells Western Investor.
The building is 30,000 square feet, with three levels of underground parking. The building was sold in an off-market transaction to a local investor looking to capitalize on the properties existing strong income and future redevelopment potential. The property has an assessed value of $16.5 million.
The property is located at 828 W 8th Ave., Vancouver.
Breakdown:
Price: 20,000,000
Lot Size: 11,700 SF
Property Type: Office
Zoning: C3-A
2016 B.C. Assessment Value: $16,560,000
Date of Sale: 10/20/2017
City: Vancouver
Province: B.C.
Name of Brokerage: Colliers International
Name of Buyer: Transworld Management
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