Exclusive Commercial Listing

Pitt Meadows,

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  • Details

  • List Price $5,000,000
  • MLS® No.
  • Sq ft 7663
  • Address #4 19040 LOUGHEED HIGHWAY

About

The Vendor has exclusively retained Sutton Group 1st West Realty and Homelife Benchmark Realty to facilitate the sale of its 100% freehold interest in #4 19040 LOUGHEED HIGHWAY in Pit Meadows, BC (the “Subject Property”).


The offering features a single-tenant strata commercial building consisting of 4 Units. The rest of the Shopping Center is occupied by a mix of local tenants along the main retail node on Lougheed Highway in Pit Meadows.


INVESTMENT HIGHLIGHTS

 

  • Total unit area of 7,663 SQ. FT.  Comprised of 4 Strata Units within a shopping plaza.
  • Currently under renovation by a prominent hospitality chain, with plans to create one of their signature Barcade Public houses to Pitt Meadows.
  • Re –opening of the Public House is scheduled for Spring of 2020. (Estimated Cost of renovations are $1,700,000)
  • Building has been exceptionally managed and maintained and is undergoing substantial renovations for an upscale prominent pub/restaurant.
  • Long-term stable Single Tenant (New Lease to be negotiated).
  • Stable cash flow –RENTAL ESCALATIONS OVER 15 YEARS. 
  • Unlimited common shopping plaza parking stalls.
  • Central to the growing Pit Meadows.

OFFERED AT: 
$5,000,000

CAP RATE: 
4.60% (1st & 2nd Year)

Contact

Arrange Showing
  • A featured listing of
    Rob Visnjak Personal Real Estate Corporation
  • My Office Homelife Benchmark Realty Corp.
  • Mobile (604) 836-0089
  • Email info@robv.ca

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