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Lee Building 127-129 E Pender St
4,402 SF of Office Space Available in Vancouver, BC V6A 1T6
Highlights
- This historical property is located one-half block west of Main Street on East Pender Street in the Chinatown retail area.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 4,402 SF | 1-10 Years | $15.00 CAD/SF/YR $1.25 CAD/SF/MO $161.46 CAD/m²/YR $13.45 CAD/m²/MO $5,503 CAD/MO $66,030 CAD/YR | Triple Net (NNN) |
2nd Floor
Situated just one and a half blocks west of Main and Pender, the Lee Building is perfectly positioned in the vibrant Chinatown neighborhood, offering excellent accessibility and proximity to key amenities. The Lee Building is known for its meticulous upkeep and features a secured inner courtyard as its centerpiece, creating a serene and secure environment for tenants and visitors alike. The building hosts a mix of retail shops and professional offices, fostering a dynamic and thriving community within the property. This 4,402 square foot office suite on the second floor offers ample space for various business operations, with flexibility to customize the layout according to your needs.
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
- Fits 12 - 36 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 127-129 E Pender St , Vancouver, BC V6A 1T6
| Property Type | Retail | Gross Leasable Area | 15,254 SF |
| Property Subtype | Storefront Retail/Office | Year Built | 1972 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 15,254 SF |
| Year Built | 1972 |
About the Property
This historical property is located one-half block west of Main Street on East Pender Street in the Chinatown retail area. The Chinatown community has been undergoing substantial changes with the development of new residential and commercial mixed-use buildings. Night life is again alive in Chinatown with higher population and safer environment. In particular, East Pender Street has evolved into a popular dine-out “food street” frequented by locals and tourists. The building was well maintained with a secured inner courtyard as its centerpiece. Tenants include retail stores and offices.
Nearby Major Retailers
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Lee Building | 127-129 E Pender St
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