7,205 ft²Office / Retail / Other$2,600,000Sale
The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 22332 Lougheed Highway, Maple Ridge, B.C. (the "Subject Property"). The Subject Property presents a unique opportunity to acquire a fully leased, mixed-use asset in the rapidly evolving and densifying Town Centre area of Maple Ridge. Anchored by the corporate covenant of Money Mart, which has over 500 locations across Canada, the Subject Property offers prospective purchasers a secure income stream with a diverse tenant mix that minimizes risk.
Fully leased to a diverse tenant mix of restaurant, financial services, bar, and education centre. Anchored by the corporate covenant of Money Mart Canada Inc., which has over 500 locations across Canada. Located in a strong growth market, Maple Ridge is experiencing a surge in extensive residential and commercial developments. 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. Located across from the City’s main retail centre, Haney Place Mall, which was acquired by a developer in 2021. Recent capital expenditures, including a roof replacement in July 2021. Designated as Town Centre Commercial under the OCP, the Subject Property possesses significant development potential with building heights under this designation varying from 3 to 25 storeys.