The Vendor has retained Form Real Estate Advisors Inc. (the “Listing Agent”) to facilitate the sale of it’s 100% freehold interest in 1427 Kingsway (the “Subject Property”). The Subject Property presents a carefree, triple net investment opportunity consisting of a single-tenant Canadian financial institution situated in the heart of Vancouver. This site possesses excellent long-term redevelopment potential while offering in-place secure holding income from a premium investment grade tenant.
- Located at the high-profile, fully-signalized intersection of Kingsway and Knight Street within the Kensington-Cedar Cottage Neighbourhood Centre
- Rapid residential and mixed-use development along Kingsway has spurred phenomenal growth in the area
- CIBC has a 10 year term which commenced on January 17, 2017 and has eight (8) remaining options to renew for five (5) years each
Asking Price: $12,800,000