$3,399,000
14881 MARINE DRIVE
White Rock, BC
About this property
Rarely does an opportunity arise to acquire over 200 feet of high-exposure retail frontage on the most active block of Marine Drive in White Rock. This 6,727 SF mixed-retail asset consists of five demised units within a single strata lot and offers investors a strong in-place return f approximately 5% with significant near-term upside. Rental growth can be achieved through lease-up of the vacant unit, scheduled rent increases, and forthcoming lease renewals. Situated in one of Metro Vancouver's most desirable waterfront communities, this value-add investment is attractively priced relative to its $4,603,000 assessed value. (id:66946)
Listing courtesy of Gammon Property Advisors Corporation. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.