1161 The High ST #1, Coquitlam, BC V3B 7W3

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Additional details
Nader Bakhoum,PMP, P.Eng.

Nader Bakhoum,PMP, P.Eng.

+1(604) 612-7228
$ 8,520,000
Est. payment | /mo

6,938 Acres Lot

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$ 8,520,000
Est. payment | /mo
Save

6,938 Acres Lot

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

REBGV/FVREB/Chilliwack (Commercial IDX)
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1161 The High ST #1