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Granville Street retail site sold for $4M and leased back

Downtown Vancouver retail site on one of city's busiest shopping streets has future development potential
DD Granville Street retail site lease back

A downtown Vancouver retail site on busy Granville Street has sold in a sale-and-leaseback arrangement, reports JLL Commercial. The 3,000-square-foot site has future development potential.

Breakdown:

Property type: Retail

Location: 1055 Granville Street, Vancouver, B.C.

Property size: 5,500 square feet

Lot size: 3,000 square feet

Zoning: DD (Downtown district retail)

List price: $4.85 million

Sale price: $4 million

Deal details: Sale-and-leaseback arrangement

Brokerage: JLL Commercial, Vancouver

Broker: Kevin Douglas