Yaletown retail space sold in just 72 hours
The 1,243-square-foot property sold for its full asking price of $2.19 million
Copyright © Western Investor
A small retail space in the heart of Yaletown has sold for $2.19 million, William Wright Commercial tells Western Investor.
The 1,243-square-foot property is currently tenanted by an international retailer, Goorin Bros. Hat Shop, since 2009. The store is located one block from the Canada Line SkyTrain station. The current lease is in place for another two and a half years with a five-year renewal option. Goorin Bros currently has 33 international and national locations and their brands are carried in such luxury retailers as Harry Rosen and Holts. Area tenants include Starbucks, BCAA, Cactus Club, Earls, The Keg, and Opus Hotel just to name a few. The space sold in only 72 hours for full asking price.
The property is located at 1188 Hamilton St., Vancouver.
Property Size: 1,243 SF
Property Type: Retail
2016 B.C. Assessment Value: $1,427,000
Name of Brokerage: William Wright Commercial
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