570 Dunsmuir St. – Vancouver BC
Opportunistically acquired in 2004 through a court-ordered foreclosure process, this 70,000-square foot Class ‘B’ office property had recently gone through a complete refurbishment by the previous owner. The property is ideally located at the intersection of Dunsmuir Street and Seymour Street in downtown Vancouver, BC. Acquired for $11,188,000, the property required leasing attention. A vacant floor was leased to the Arts Institute of Vancouver for a 10-year lease term and the property was subsequently sold for $15,000,000 in less than 18 months.