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.
- 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.