510 Seymour is a 10-storey, Class “A” boutique office building with retail at-grade, located at the prominent intersection of Seymour Street and West Pender Street in the Central Business District of Downtown Vancouver. This newly built building comprises 72,324 sq. ft. of net rentable area and features bright and spacious tenant suites with excellent tenant amenities. The property presented investors a value-add opportunity for income enhancement through increasing current rental rates to meet market rental rates, as the property’s blended in-place average rental rate is significantly below market. Offering income growth potential and a strong and stable tenancy profile, 510 Seymour Street provides the purchaser with a unique and irreplaceable long-term investment property.
Through a full-scale global marketing campaign, CBRE was able to successfully transact the asset to European Capital represented by a Canadian multi-sector real estate investment manager.