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5 year sale leaseback. NOI: $541,032.48. CAP Rate: 5.5%.
In 2001, the WCCMT re-located from downtown Vancouver to its present location at 613 Columbia Street in New Westminster. The building (previously the Head Ofﬁ ce of RBC) was purchased and the interior space was converted into its present format in order to accommodate the needs of a massage therapy school; this includes seven large classrooms, a student clinic, in-house laundry, washrooms, library, administration ofﬁces and boardroom.