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Unit has separate HVAC, washroom, hot water tank and entrance, currently configured as primarily open space with small office/storage area. Centrally positioned within the strip-mall allows for maximum exposure. Suitable for destination type businesses, other tenants include day-care, orthotics, laser centre, chiropractor, physiotherapist, specialty bicycle store, veterinarian, etc.
RETAIL STRIP MALL (Commercial component of the building) • Fully occupied with thirteen strong, quality individual and escalating tenancies. • This 14,043 sq. ft. property fronts Westwood Street, Port Coquitlam. Built in 1991 and rain screened in 2005. • The subject property is the street retail component of a commercial/residential mix. The Commercial component is 100%concrete structure. • Fourteen individual demisable units, all separately metered (hydro) HVAC, hot water, all front & rear secure access. • Thirty four parking stalls along the front of the building and seven at rear (secured). • The subject property is a 4.09% cap rate. • Borders Coquitlam, located 2 blocks from Coquitlam Centre Mall, the new Evergreen Line sky train station and nearby West Coast Express. • Please do not disturb the Tenants. • Call listing agent for additional information. • It will be a term for the sale that the Buyer is to assume an existing mortgage on the subject property. The following are the terms of the mortgage: $1,349,205.70 (principal outstanding as of 10/01/17) 3.14% interest $10,115.42 P&I monthly payment 5 year term maturing June 1, 2022 CONTACT LISTING AGENT FOR ADDITIONAL INFORMATION JOHN DI TOSTO 604-961-1847 Cell