Vacant-User

11855 224 Street - RBC Royal Bank

11855 224 St, Maple Ridge, BC V2X 6B1

Listing Price: $5,150,000

Cap Rate
4.00%
Gross SF
7,850
Rentable SF
7,850
Price/Gross SF
$656.05
Lot Size
0.19 acres
Year Built
1948

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 11855 224 Street, Maple Ridge, B.C. The Subject Property is secured by a single lease with Royal Bank of Canada (RBC), consistently ranked one of the largest Canadian company in terms of market cap. The Subject Property offers the opportunity to secure a stable income-producing property in Maple Ridge's rapidly evolving and densifying Town Centre.

Investment Highlights

  • Carefree, triple-net lease secured by AAA covenant
  • Located in a growth market, Maple Ridge is experiencing a surge in extensive residential and commercial developments
  • Extensive capital expenditures, including replacement of the exterior facade in 2015
  • Being offered free and clear of debt, and with a clean bare trust in place

Exclusively Listed By

Vacant-User

11855 224 Street - RBC Royal Bank

Listing Price: $5,150,000

Cap Rate
4.00%
Gross SF
7,850
Rentable SF
7,850
Price/Gross SF
$656.05
Lot Size
0.19 acres
Year Built
1948

Investment Highlights

  • Carefree, triple-net lease secured by AAA covenant
  • Located in a growth market, Maple Ridge is experiencing a surge in extensive residential and commercial developments
  • Extensive capital expenditures, including replacement of the exterior facade in 2015
  • Being offered free and clear of debt, and with a clean bare trust in place

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 11855 224 Street, Maple Ridge, B.C. The Subject Property is secured by a single lease with Royal Bank of Canada (RBC), consistently ranked one of the largest Canadian company in terms of market cap. The Subject Property offers the opportunity to secure a stable income-producing property in Maple Ridge's rapidly evolving and densifying Town Centre.

Exclusively Listed By

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