The Vendor has retained Form Real Estate Advisors Inc. (the “Listing Agent”) to facilitate the sale of it’s 100% freehold interest in 240 Cook Street (the “Subject Property”). The Subject Property is a recently constructed, high-profile street front retail strata offering within Victoria’s popular Cook Street Village. The Subject Property is comprised of one legal strata lot demised into five fully contained and separated units that are occupied by a diverse mix of shops and services well-suited to service residents and visitors of this vibrant urban village.
- 8,728 square foot net rentable area demised into five separate CRU’s at grade with residential above and secure underground parking
- 100% occupied by a diverse mix of tenants servicing nearby residents and visitors within the urban village
- Secured by long-term, net leases with built-in rental escalations, providing for considerable upside in future years
Asking Price: $7,150,000 (5.42% cap rate)