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$8,520,000
Est. payment /mo
6,938 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8077642
Year Built 1996
Lot Size 6938.000 Acres
Property Sub-Type Retail
Property Description
Great hands-free investment opportunity. High visibility, corner strata unit, with Bank of Montreal as Tenant. BMO has just renewed again, and this time for 10 years. Cap rate is 3.5%, with rental bumps throughout term. Tenant intends to substantially renovate premises. Strata unit is 6,938 sf and is the largest tenant in the building, and as such has by far the most votes. This is a very simple property to own. First time on the market in over 20 years. Building has parking for commercial tenants. Great location in Coquitlam Town Centre.
Location
Province BC
Community North Coquitlam
Area Coquitlam
Zoning C-7
Building
Sewer Public Sewer
Water Public
Others
Restrictions None Known
Ownership Strata
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