CBRE Limited has been retained by the Owner on an exclusive basis to offer the 100% interest in 1622 Pemberton Avenue, a well-maintained retail building located in the Norgate/Pemberton neighbourhood of North Vancouver. The property is well positioned on a rectangular shaped 7,920 Sq. Ft. site in a high exposure area on the East side of Pemberton Avenue and just slightly south of the Marine Drive Commercial Corridor.
The existing tenant Cloverdale Paint has occupied the building since 2006 and currently holds a lease until 2023, with no option to renew beyond this term, providing an excellent opportunity for a future owner/occupier. The current rent is also well below market rate; please contact agents to further discuss.
With its prime location, the property is well positioned for retail use and may offer future redevelopment and/or assembly potential with the neighbouring property.
The Property is centrally located on the Southeast corner of Marine Drive and Pemberton Avenue in the District of North Vancouver. Its central location provides access to a variety of shops & services, including: Capilano Mall, Marine Drive Commercial Corridor, Capilano Square, as well as numerous restaurants and banking institutions all within walking distance.
The property is only a 16 minute drive from Downtown Vancouver, and is easily accessible to the rest of Metro Vancouver via the Lion’s Gate Bridge and The Ironworkers Memorial Bridge from the Trans-Canada Highway, or by Transit on the SeaBus passenger Ferry, as well as a number of bus routes with bus stops just steps from the property.