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23550 Dewdney Trunk Rd
Maple Ridge, BC V2X 3L8

Retail Property For Sale

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 Centre
Building Size
4,230 SF
Building Class
C
Year Built
1980
Price
$1,995,000 CAD
Price Per SF
$472 CAD
Cap Rate
5.11%
NOI
$101,945 CAD
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: 2024-08-07

  • Last Updated:

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

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