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Single-Tenant Vacant-User

11909 224 Street

11909 224 St, Maple Ridge, BC V2X 6B2

Listing Price: $7,290,000

Cap Rate
4.00%
Tenant Name
CIBC
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
6,687
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.13

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 11909 224 Street, Maple Ridge, B.C. (the "Subject Property"). The Subject Property is secured by a single lease with Canadian Imperial Bank of Commerce (CIBC), consistently ranked one of the largest Canadian companies 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 strong growth market, Maple Ridge is experiencing a surge in extensive residential and commercial developments
  • Located across from the City's main retail centre, Haney Place Mall
  • Extensive capital expenditures, including a recent roof replacement
  • Being offered free and clear of debt, and with a clean bare trust in place

Exclusively Listed By

Single-Tenant Vacant-User

11909 224 Street

Listing Price: $7,290,000

Cap Rate
4.00%
Tenant Name
CIBC
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
6,687
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.13

Investment Highlights

  • Carefree, triple-net lease secured by AAA covenant
  • Located in a strong growth market, Maple Ridge is experiencing a surge in extensive residential and commercial developments
  • Located across from the City's main retail centre, Haney Place Mall
  • Extensive capital expenditures, including a recent roof replacement
  • 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 11909 224 Street, Maple Ridge, B.C. (the "Subject Property"). The Subject Property is secured by a single lease with Canadian Imperial Bank of Commerce (CIBC), consistently ranked one of the largest Canadian companies 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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