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