Success Story

950 West Broadway, Vancouver BC

Success Story

950 West Broadway, Vancouver BC

SOLD $46,000,000

Representation

Vendor

Land Use

Retail Mixed-Use 

Building Size

25,043 

Land Size

23,035 SQFT

Year Sold

2016

City

Vancouver

The Challenge

The vendor wanted to find a unicorn buyer for their property that would pay a premium.

950 West Broadway aerial picture retail investment sold in Vancouver by LUK commercial real estate group
950 West Broadway aerial picture retail investment sold in Vancouver by LUK commercial real estate group

Strategy and Action

Listed and marketed as a transit-oriented opportunity next to a future SkyTrain station with redevelopment potential and holding income.

  1. Targeted a lot of local and international developers.
  2. Collaborated with other industry professional.
  3. Did road shows and travelled to Asia to promote and market the offering.

Solution and Outcome

Through our diverse network and marketing efforts, we found an offshore family that wanted to place capital in Vancouver, and was willing to pay a premium for the asset.
We set a new benchmark in the market place by getting the vendor a 50% premium over comparable sales.

950 West Broadway aerial picture retail investment sold in Vancouver by LUK commercial real estate group

Contact Our Experts

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