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

By
for Western Investor
December 6, 2019





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


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