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Unit 2311 is located in the busy section of Crystal Mall, adjacent to the Food Court. Sitting across from the 10,000sf Chinese restaurant, this unit has high retail exposure and is suitable for a variety of retail businesses. For the investor, this could potentially give you a 4% cap rate based on nearby lease rates.
Crystal Mall is a stratified shopping mall with 280 units, consisting of restaurants, retail, food court, and a market. Opening in 1999, Crystal Mall has rapidly grown into a high traffic centre with local residents visiting the market on a daily basis. The complex is strategically meshed with an Office Tower, residential building, and the Hilton Hotel. It is located on the busy corner of Kingsway and Willingdon Avenue in Metrotown, Burnaby, with constant foot and vehicle traffic. The area is expecting over a dozen residential towers in the next few years, and retail space will likely be highly sought after.