Retail For Sale

238 Fell Ave

North Vancouver, British Columbia

$2,450,000
7,232 Sqft
Basic Details
Status: Sold
Property Type: Retail
Listing Type: For Sale
MLS #: 1203
Price: $2,450,000
Sq Ft: 7,232 Sqft
Lot Area: 8,050 Sqft
Property Description
  • FULLY LEASED INVESTMENT PROPERTY
  • High Cap Rate
  • Over $150,000 Net Income/yr
  • 2 level Free Standing building

The building boast two very credible tenants(kitchen Design and Adera Developments who bring in more than a $150,000 per year or more than $12,500 per month in net income. This income presents a very attractive Cap Rate.

This fully tenanted property is located in the City of North Vancouver on Fell Avenue, one half block south of Marine Drive the principal east/west commercial artery. The property enjoys excellent exposure to the traffic flows on Fell Avenue, the principal route connecting Marine Drive to Harbourside Business Park and the North Shore Auto Mall.

Area tenants include: Shoppers Drug Mart, WalMart, Gescan, Medical and Health clinics, Sears, Swiss Chalet, Red Robin, Burger King, Thrifty Foods, Price Smart, CIBC, RBC, Coast Capital….

Additional Information
238
Fell Ave
Canada, British Columbia, North Vancouver
CD-312
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2
2011
$32,383
$150,378
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Neighbourhood
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"NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy."