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I have sold a property at 1111 Kingsway in Vancouver

I have sold a property at 1111 Kingsway in Vancouver.

Prime commercial property located at Kingsway and Glen Drive corner. Huge approximately 15,199 square feet lot. Heavy traffic and visual exposure on both Kingsway and Glen Drive.

Easy access to downtown commercial core as well. Approximate 7,800 Sq Ft leasable area has been occupied by two tenants. One 10 years lease term automotive transmission shop tenant pay $10,000 monthly gross rent; one month to month auto repair shop tenant (has been in this place since 10 years) pay $6,200 monthly gross rent. Total gross income per month is $16,200, total gross income per annum is $194,400. Approx. net income $144,815 per annum. Perfect property for income and investment purposes.

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