Fixture
708 East 26th Avenue

FOR SALE

Fixture | 708 East 26th Avenue, Vancouver

The Opportunity

Cushman & Wakefield ULC is pleased to present to the investment market on an exclusive basis, a 100% freehold interest in 708 East 26th Avenue, Vancouver, BC. Commonly known as Fixture, the property is a 26-unit, 4-storey multifamily investment property with retail at grade primely situated in the dynamic Fraserhood pocket of Vancouver.

Fixture is comprised of 18,599 square feet of net residential rentable area across 1 one-bedroom, 10 one-bedroom + den, 6 two-bedroom, and 9 two bedroom + den units combining for an average suite size of 715 sf. The approximately 2,714 square feet of ground-level retail space is occupied by two standout tenants: East Vancouver’s own Prado Café and the highly regarded Nest Dental.

Fixture was constructed in 2015 and has been maintained to an institutional standard through meticulous asset and property management by the Vendor. The Property is currently generating an average residential monthly rent per square foot of $3.91 offering prospective investors a projected 13% revenue upside on current in-place rents.

Investment Highlights

• Extremely unique investment opportunity featuring a 2015-vintage multifamily investment asset with below-market rental rates.
• Proven market rental rates have been achieved without the use of any rental concessions.
• Accretive revenue growth potential featuring a projected 13% mark-to-market upside on current in-place rents.
• Approximately 2,714 square feet of retail space at grade occupied by a café and a dentistry adding to the retail amenities offered in the neighbourhood.
• Institutional asset and property management approach employed by the Vendor is evidence by the immaculate property condition.
• Primely situated in Fraserhood - one of Vancouver’s most vibrant and walkable neighbourhoods.

For More Information, please contact a member of the exclusive property advisors.

>>>Brochure available for download on the top right of this page