11,972 ft²Other$1,195,000Sale
11,972 ft²
Other
$1,195,000
Sale
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The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 7521 Briskham Street, Mission, B.C. (the “Subject Property”). The Subject Property is a single-tenant daycare facility leased by Kids & Company, an international daycare operation with over 150 locations throughout North America. Boasting a 11,972 SF lot under the Attached Multi-Unit Residential designation in the Mission OCP, the Subject Property provides prospective purchasers with an opportunity to acquire a future multifamily development site at an attractive price point, currently secured by a strong corporate covenant.
The Space
Asking Price$1,195,000
Available Space11,972 ft²
Net Operating Income$45836
SourceDirect
The Building
☑ Future development potential by way of the Attached Multi-Unit Residential designation under the OCP, which allows for a maximum density of 1.5 FSR for multifamily developments ☑ Opportunity to realize significant income upside on renewal when current lease converts to a triple net lease at fair market rents with a demolition clause ☑ Directly surrounded by two upcoming multifamily developments, a 19-unit townhouse development across the street and a 50-unit apartment development north of the block
Property TypeOther
Building Size2,237 ft²
Lot Size11,972 ft²
Up to $500K for British Columbia businesses
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