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22855 Lougheed Highway
22855 Lougheed Hwy., Maple Ridge, BC V2X 6P6
Listing Price: $4,711,000
Investment Overview
Marcus & Millichap is pleased to announce for sale 22855 Lougheed Highway, Maple Ridge, B.C. (the “Subject Property”). Located within Maple Ridge Town Centre, the Subject Property represents a rare, covered land play offering both yield and long-term redevelopment potential. The site comprises 4,840 square feet of fully leased rentable area on a 38,463 square foot lot with high-exposure frontage along Lougheed Highway. Designated Town Centre Commercial in the Official Community Plan, the property is positioned for high-density, mixed-use redevelopment with potential tower forms envisioned up to 25 storeys under the Town Centre Area Plan, making this an exceptional opportunity for investors and developers seeking future growth in one of the Metro Vancouver’s most dynamic urban nodes.
22855 Lougheed Highway
Investment Highlights
- High-exposure site with excellent frontage along Lougheed Highway, located in the heart of the Maple Ridge Town Centre.
- 38,463 square foot lot designated Town Centre Commercial in the OCP, positioned for high-density, mixed-use redevelopment with potential tower forms envisioned up to 25 storeys
- 4,840 SF of fully leased building area generating $201,900 of NOI, equating to a 4.3% cap rate on asking price.
Exclusively Listed By
Listing Price: $4,711,000
Investment Highlights
- High-exposure site with excellent frontage along Lougheed Highway, located in the heart of the Maple Ridge Town Centre.
- 38,463 square foot lot designated Town Centre Commercial in the OCP, positioned for high-density, mixed-use redevelopment with potential tower forms envisioned up to 25 storeys
- 4,840 SF of fully leased building area generating $201,900 of NOI, equating to a 4.3% cap rate on asking price.
Investment Overview
Marcus & Millichap is pleased to announce for sale 22855 Lougheed Highway, Maple Ridge, B.C. (the “Subject Property”). Located within Maple Ridge Town Centre, the Subject Property represents a rare, covered land play offering both yield and long-term redevelopment potential. The site comprises 4,840 square feet of fully leased rentable area on a 38,463 square foot lot with high-exposure frontage along Lougheed Highway. Designated Town Centre Commercial in the Official Community Plan, the property is positioned for high-density, mixed-use redevelopment with potential tower forms envisioned up to 25 storeys under the Town Centre Area Plan, making this an exceptional opportunity for investors and developers seeking future growth in one of the Metro Vancouver’s most dynamic urban nodes.
Exclusively Listed By
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