Restaurant Property for Sale - Port Coquitlam

Retail-Commercial for Sale
Catylist Listing ID: 30230789
Property Subtypes: Restaurant
Building Size (RSF): 2,863 SF
Gross Building Area: See Agent
Sale Price: $1,590,000
Unit Price: $555.36 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2020

Overview / Comments

Investment restaurant strata commercial property at the corner of McAllister Ave & Mary Hill Rd with an extra wide frontage. 2 strata units combined 2,863 sf. Chinese restaurant tenant currently pays $54,000 triple net rent/year, escalating every yr. until term ends 10/2023 + 5 years option. New Community Centre, City Hall and new apartments building are just steps away. Corner location and 16 shared parking at rear. Please don't disturb tenants' business, by appointment only. Reduced price for quick sale.

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Taxing Authority: City of Port Coquitlam
Parcel ID: 001-133-012; 000-653-683
Retail Clientele: Business
Property Located Between: McAllister Avenue and Mary Hill Road
Property Visibility: Excellent
Total Parking Spaces: 16
Parking Type: Surface

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Photograph of Listing Agent

Roger Chan, CCIM

Personal Real Estate Corporation
Sutton Group-West Coast Realty (Cambie) Commercial First Member
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