148 Alexander STREET For Sale - Corbel Commercial Inc.
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For Sale TO
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148 Alexander STREET
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Gastown Investment/owner-user Opportunity
ROBERT THAM MARC SAUL PREC WILLOW KING
604.609.0882 Ext. 223 604.609.0882 Ext. 222 604.609.0882 Ext. 221
robert@corbelcommercial.com marc@corbelcommercial.com willow@corbelcommercial.com
exceptional strata THE Opportunity
investment opportunity in the 148 Alexander Street is an exceptional strata investment opportunity located in historic Gastown, steps from iconic
Water Street. The area is rich with history and character, and is surrounded by a number of creative businesses and
heart of historic gastown outstanding eateries including Alibi Room, St. Lawrence, Rodney's Oyster House, Cuchillo, and Ask for Luigi, among
others. The subject asset features a main level, two storey character strata unit, with the main level office space leased
to the University of British Columbia (UBC) & the lower level space comprised of ten (10) individual recording studio
suites, each achieving exceptional monthly rates. This asset is a strategic investment opportunity, offering excellent
in place income with an AAA tenancy with UBC, and future rental upside, plus the potential to operate a private
recording studio in the heart of Gastown. Please contact the listing agents for further details.
Salient Facts
Civic Address 148 Alexander Street, Vancouver, BC
Main Level 2,519 SF Office Premise | Leased to UBC
Mix Lower Level 4,058 SF Commercial Space | Demised into 10 individual recording studios
Total 6,577 SF (As Per Strata Plan | Gross Area)
PID 006-473-539
Legal Description STRATA LT 17, PL VAS1232, DL 196, NWD
Zoning HA-2 (Gastown Historical Area)
Strata Fees $2,561/Month (Approx.)
Property Tax $12,155.40 (2021)
Actual/Projected NOI: Please Contact Listing Agent
Asking Price $2,599,000
UNIQUE INVESTMENT OPPORTUNITY
Exceptional covenant with main level lease to UBC with future rental upside. Above market
lower level rental rates through innovative recording studio concept.
ICONIC LOCATION
Gastown - an internationally renowned historic district with award winning restaurants,
notable retailers, and is home to multiple Vancouver’s top tech and design firms.
Exceptional market
Exponential rental growth over the past 5 years. Growing demographical base with
disposable income. Parallel to Vancouver’s central business district. Access to high-speed
transit.
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Location 14
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Princess Avenue
at Portside
Jackson Avenue
Dunlevy Avenue
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Steam clock Vancouver
WH 16
Columbia Street
Ho
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astin Downtown
Carrall Street
DEVELOPMENT
Urban Winery
148 Alexander Street is situated on Alexander Street in the historic Gastown district. Gastown is an internationally- gs S
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tree CF Pacific Centre
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13 E Cordova Street Eastside
renowned heritage zone and has become home to numerous design studios, technological and software companies, 11 M Graville Powell St
and leading architectural firms. Characterized by cobblestone streets, brick and timber heritage buildings and abundant Powell St
Powe
Vancouver City Centre GASTOWN Oppenheimer
historical charm, the high-traffic neighbourhood also houses many of the city’s hottest restaurants and retail stores. M Vancouver Police Park
WP E Hastin
Museum & Archives
gs Street
Popular venues in the area include L’Abattoir, The Flying Pig, Tacofino, Twisted Fork Bistro, and LOCAL Gastown. The end
Downtown
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tre 1 West Hastings Street
E Cordova St
location is served by several transit routes and is in close proximity to the SeaBus terminal, Waterfront SkyTrain Station, et
E Hastings St
the West Coast Express and several public parkades. Robson St
Queen Elizabeth Theatre
Jackson Ave
Heatlea St
E Pender St
Vancouver Public
RESTAURANTS/BARS CAFÉS/CASUAL FARE Vancouver OFFICES
E Pender St
Library,Central Library
Chinatown Festival
1. Twisted Fork Bistro Stadium-Chinatown11. Prado CaféAndy 21. Aritzia Head Office Keefer S
2. Ask For Luigi 12. Railtown Cafe
Livingstone 22. Herschel Head Office
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3. LOCAL Gastown 13. Nelson the Seagull
Park 23. ICON Creative Studio
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4. Salt Tasting Room Roger Arena14. Meat & Bread E 24. Inform Contract
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s5. The Greek Gastown 15. Tacofino Taco Bar Bivd Union25. Monstercat
el St
on Union St
6. The Diamond 16. Purebread 26. Will Creative Inc.
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BC Place
7. Jules Bistro 17. Deacon's Corner 27. Domain7 Solutions Prior St
8. The Mackenzie Room 18. The Birds & The Beets 28. Brix Media Co.
Quebec St
Haws A ve
9. St. Lawrence Restaurant 19. Harken Coffee 29. Bloom Furniture Studio
YALETOWN
10. L’Abattoir 20. Belgard Kitchen 30. On The Mic Training
Park Vancouver
Creekside Park
WALK SCORE 95
Coopers Park
99
Science World at Telus
TRANSIT SCOREWorld of Science BIKE SCORE
VANCOUVER
98STRATHCONA
Daily errands do not World-class public Mostly flat, excellent
require a car transportation bike lanes
ROBERT THAM MARC SAUL PREC WILLOW KING
604.609.0882 Ext. 223 604.609.0882 Ext. 222 604.609.0882 Ext. 221
robert@corbelcommercial.com marc@corbelcommercial.com willow@corbelcommercial.com
E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part
of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
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