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Miscellaneous

22344 Lougheed Highway, Maple Ridge

22344 Lougheed Hwy., Maple Ridge, BC V2X 2T4

Listing Price: $2,500,000

Cap Rate
4.20%
Tenant Name
Common Exchange Pawn Shop
Years Remaining On Lease
3.6
Guarantor
Local Franchisee
Rentable SF
8,246
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.11

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 22344 Lougheed Highway, Maple Ridge, B.C. (the "Subject Property"). The Subject Property presents a rare opportunity for investors looking to acquire a value-add property in the rapidly evolving and densifying Town Centre area of Maple Ridge. The main floor of the Subject Property is leased to long-term tenant of 20+ years, Common Exchange Pawn Shop. Investors will have the opportunity to immediately realize significant income upside via lease-up of the vacant basement space which has its own access. Furthermore, the currently vacant second floor space could be renovated as an office space which provides an additional opportunity for investors to add value and increase returns.

Investment Highlights

  • Significant value-add opportunity via lease-up of both basement and second floor space
  • Main floor tenanted by Common Exchange Pawn Shop, a long-term tenant of 20+ years
  • Within 500 metres of SwissReal Group's 6-phase, 7-acre urban development, Era, featuring a mix of residential, office, and retail, including 4 residential towers

Exclusively Listed By

Miscellaneous

22344 Lougheed Highway, Maple Ridge

Listing Price: $2,500,000

Cap Rate
4.20%
Tenant Name
Common Exchange Pawn Shop
Years Remaining On Lease
3.6
Guarantor
Local Franchisee
Rentable SF
8,246
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.11

Investment Highlights

  • Significant value-add opportunity via lease-up of both basement and second floor space
  • Main floor tenanted by Common Exchange Pawn Shop, a long-term tenant of 20+ years
  • Within 500 metres of SwissReal Group's 6-phase, 7-acre urban development, Era, featuring a mix of residential, office, and retail, including 4 residential towers

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 22344 Lougheed Highway, Maple Ridge, B.C. (the "Subject Property"). The Subject Property presents a rare opportunity for investors looking to acquire a value-add property in the rapidly evolving and densifying Town Centre area of Maple Ridge. The main floor of the Subject Property is leased to long-term tenant of 20+ years, Common Exchange Pawn Shop. Investors will have the opportunity to immediately realize significant income upside via lease-up of the vacant basement space which has its own access. Furthermore, the currently vacant second floor space could be renovated as an office space which provides an additional opportunity for investors to add value and increase returns.

Exclusively Listed By

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