2928 Granville Street

Fairview VW Vancouver V6H 3J7

OWNER-USER/INVESTMENT OPPORTUNITY - Rare opportunity to acquire a 7,268 square foot, freestanding building along the prestigious South Granville retail strip home to luxury retailers such as Restoration Hardware, Pottery Barn and high-end boutiques and restaurants. There is an immediate opportunity to occupy 2,518 SF on the 2nd floor of the building, which has recently undergone renovations and was last used as an art gallery space. The main floor is currently occupied by Henry's Camera, who have entered into a short term lease, but may be willing to stay long term. The main & 2nd Fl combined total 5,718 SF of useable area making the price $962 per leasable SF. The basement adds an additional 1,484 SF and was recently renovated and is very usable space. When fully leased at market rates, this property is projected to achieve a 5% cap rate.