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3242 Westwood St 17,677 SF 100% Leased Retail Building Port Coquitlam, BC V3C 3L8 $7,850,000 CAD ($444.08 CAD/SF) 4.71% Cap Rate
Investment Highlights
- Excellent tenant mix with below market rents: Immediate opportunity to increase income
- Amenity Rich: Located near multiple retail centres, including Coquitlam Centre, a key shopping and community hub
- Transit Oriented Location: ~820 m. from Coquitlam Central Station along the Evergreen Line providing connections throughout Metro Vancouver
Executive Summary
Located near Lougheed Highway and Westwood Street in Port Coquitlam, this building offers a high-traffic location on the “going home” side of Westwood Street, featuring high-visibility signage and abundant surface parking with 40 stalls. Built in 2002 with high-quality concrete construction, it has been meticulously maintained and upgraded over the years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,677 SF
Building Class
B
Year Built
2002
Price
$7,850,000 CAD
Price Per SF
$444.08 CAD
Cap Rate
4.71%
NOI
$369,600 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Lot Size
0.51 AC
Zoning
CC - community commercial
Parking
40 Spaces (2.26 Spaces per 1,000 SF Leased)
Frontage
30’ on Westwood Street
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (77)
Nearby Major Retailers
1 of 13
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