Miscellaneous
11910 227 Street
11910 227 St, Maple Ridge, BC V2X 6J1
Listing Price: $1,600,000
Investment Overview
Marcus & Millichap is pleased to present for sale 11910 227 Street, Maple Ridge, British Columbia (the “Subject Property”). The Subject Property represents a secure, net-leased, single-tenant investment with defined owner-user flexibility upon lease expiry in August 2028. The 4,000 square foot freestanding building is leased to Ridge Meadows Association for Community Living, a provincially funded nonprofit organization providing essential community services in the Maple Ridge area. Upon lease expiry, the absence of a renewal option provides full control of the property, allowing for owner-user occupancy, upside on rents at renewal, or long-term repositioning within the Maple Ridge Town Centre.
11910 227 Street
Investment Highlights
- Tenant responsible for property taxes, insurance, utilities and daily maintenance. Carefree investment opportunity at a deal size uncommonly found for freestanding buildings in Metro Vancouver.
- Longstanding (Founded in 1958) community services provider funded through provincial programs.
- Owner-User Opportunity: Expiry in August 2028 and no renewal option provides control at expiry.
Exclusively Listed By
Listing Price: $1,600,000
Investment Highlights
- Tenant responsible for property taxes, insurance, utilities and daily maintenance. Carefree investment opportunity at a deal size uncommonly found for freestanding buildings in Metro Vancouver.
- Longstanding (Founded in 1958) community services provider funded through provincial programs.
- Owner-User Opportunity: Expiry in August 2028 and no renewal option provides control at expiry.
Investment Overview
Marcus & Millichap is pleased to present for sale 11910 227 Street, Maple Ridge, British Columbia (the “Subject Property”). The Subject Property represents a secure, net-leased, single-tenant investment with defined owner-user flexibility upon lease expiry in August 2028. The 4,000 square foot freestanding building is leased to Ridge Meadows Association for Community Living, a provincially funded nonprofit organization providing essential community services in the Maple Ridge area. Upon lease expiry, the absence of a renewal option provides full control of the property, allowing for owner-user occupancy, upside on rents at renewal, or long-term repositioning within the Maple Ridge Town Centre.
Exclusively Listed By
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