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10,270 ft²
Office / Retail
$4,200,000
Sale


Brian Mackenzie
Brian Mackenzie
NAI Commercial BC


Nicely finished main floor in a mixed-use building. • Ground floor, strata retail/office units • Attractive price/SF • Excellent return with upside • Income and owner/user opportunity • Owner-occupier opportunity for part of the space To acquire 10,270 SF of improved main floor office/retail space in a larger mixed-use retail/office/residential multi-building complex. Strata Lots 56 – 64 are fully leased, to two tenants, and must be sold together. Compellingly priced at $409 per square foot, this offering represents excellent value and strong cash flow for investors and owner-occupiers alike.


The Space
Asking Price$4,200,000
Available Space10,270 ft²
Suite NumberSL 56-64
Floor1
Net Operating Income$$222,776
Property UseInvestment property / Vacant or owner user
Cap Rate5.3%
SourceDirect

Air Conditioning
Parking
Wheelchair Access

The Building - Shaughnessy Square

The property is located within the Glenwood community or Port Coquitlam. Port Coquitlam is located 27 km (17 miles) east of Vancouver on the north bank of the confluence of the Fraser and Pitt Rivers. The property enjoys excellent exposure to Lougheed Highway. Traffic counts are estimated at 50,000 vehicles per day. The property is improved with a four-storey, mixed-use, retail/residential development known as Shaughnessy Square. The development was constructed circa 2000 using wood and structural steel with concrete block and reinforced concrete; finished, with a mix of stucco, clay brick, and corrugated metal panelling. The balance of the site is predominantly asphalt paved for circulation and surface parking.

Property TypeOffice / Retail
Floors4
Lot Size2.74 AC

Highway Access

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Brian Mackenzie
Brian Mackenzie
NAI Commercial BC
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