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2030 Marine Dr

26,259 SF 100% Leased Office Building North Vancouver District, BC For Sale

Investment Highlights

  • Occupier opportunity with landlord’s right to terminate leases upon ownership transfer.
  • Leases are structured with termination clauses, providing for the opportunity to occupy upon ownership transfer.
  • Future opportunity to negotiate easement compensation with adjacent property.
  • Fully renovated concrete office building with 16 strata-titled units.
  • 97% of the office units are occupied, with upside to lease the owner-occupied units for an estimated gross annual rent of $60,000+/-.
  • Fully renovated concrete office building with high-end finishings, sprinkler system, modern exterior paint, and new HVAC, CCTV security, and electric

Executive Summary

The investment opportunity you have been waiting for: a fully RENOVATED office building in North Vancouver, 99% occupied, with over $1.15 Million in gross annual income. William Wright Commercial is proud to present LIONS GATE CENTRE, a 26,259 SF concrete office building, uniquely structured as 16 strata-titled units. Lions Gate Centre is located along Marine Drive in North Vancouver; a corridor which is highly regarded for its a blend of urban conveniences, strong population, and scenic outlooks. With the recently renovated Park Royal Shopping Centre to the West, Lions Gate Bridge to the South, Highway 1 to the North, and Capilano Mall to the East, Lions Gate Centre is fully supported by area drivers and accessibility. Lions Gate Centre also benefits from the surge in population density immediately surrounding the site, with over 2,000 new homes (completed since 2018 & projected).

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
26,259 SF
Building Class
A
Year Built
1988
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
6,565 SF
Slab To Slab
8’
Building FAR
1.77
Lot Size
0.34 AC
Zoning
CD81 - Marine Drive Commercial
Parking
60 Spaces (2.28 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Property Manager on Site
  • Security System
  • Kitchen
  • Central Heating
  • Natural Light
  • Partitioned Offices
  • Wi-Fi
  • Sky Terrace
  • Air Conditioning
Walk Score ®
Very Walkable (77)
Bike Score ®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 31333719

  • Date on Market: 2024-03-26

  • Last Updated:

  • Address: 2030 Marine Dr, North Vancouver District, BC

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