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23550 Dewdney Trunk Rd
Maple Ridge, BC V2X 3L8

Retail Property For Sale

Retail Space British Columbia Maple Ridge 23550 Dewdney Trunk Rd, Maple Ridge, BC V2X 3L8

Executive Summary

The Subject Property is a single-tenant daycare facility leased by Kids & Company, an international daycare operation with over 150 locations throughout North America. Located in the rapidly densifying neighbourhood of Cottonwood in Maple Ridge. Fully leased, freehold, carefree commercial asset offered with a 5.11% cap rate on the existing net income. Current lease expires August 31, 2028 with 3 x 5 year renewal options - there will be no owner/user possibilities

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
4,230 SF
Building Class
C
Year Built
1980
Price
$1,402,954 USD
Price Per SF
$332 USD
Cap Rate
5.11%
NOI
$71,691 USD
Tenancy
Single
Building Height
2 Stories
Zoning
P-4 - P-4 allows for both childcare and places of worship uses which are unallowable for most other zonings in Maple Ridge
 

  • Listing ID: 32720532

  • Date on Market: 8/7/2024

  • Last Updated:

  • Address: 23550 Dewdney Trunk Rd, Maple Ridge, BC V2X 3L8

The Retail Property at 23550 Dewdney Trunk Rd, Maple Ridge, BC V2X 3L8 is currently available for sale. Contact Marcus & Millichap for more information.

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