New property listed in Southlands, Vancouver West
September 17, 2013
I have listed a new property at 3518 3520 41ST AVE W in VANCOUVER.
This 3166 sq ft commercial property is comprised of 2 strata units and is in a great Kerrisdale location. This is a low risk, easy to manage investment, with upside potential. The tenant is a high end spa who has been successful in this location for over 10 years. Triple net lease with 5 years remaining, plus 3 year option at a higher lease rate. 5% Cap Rate at current rents. The space has been impeccably finished. Net Operating Income of $74,401.
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