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Function Junction commercial strata units sell for $352 per square foot

Rare offering comes with recent leases at above-market rents
1002-lynham-road-whistler
Two commercial strata units at 1002 Lynham Road, Whistler, sold April 30 for a total of $2.15 million.

DEAL | Two commercial strata units at 1002 Lynham Road, Whistler, totalling 6,105 square feet sold April 30 for $2.15 million, or approximately $352 per square foot. Mike Guinan-Browne of Phoenix Commercial Realty, North Vancouver, was tasked with finding new tenants for the units, and due to the over market lease rates negotiated for more than half of the space, the owner was then able to sell both suites to a private local investor. Built in 2001 and zoned IL3, the units represented a rare offering of Class A office space in Function Junction.

PRICE | $2,150,000

FROM | Mike Guinan-Browne, Phoenix Commercial Realty