Recent Commercial Sales Retail Real Estate

Recent Sale: 20279 Lougheed Hwy, Maple Ridge

mapleridge-volksColliers has recently brokered the sale of the Volkswagen dealership property at 20279 Lougheed Highway in Maple Ridge for $2,397,500, which has a lot area of 28,355 square feet and a building area of 10,000 square feet. The net operating income is listed as $300,000 with 5 years left on the lease, which gives a capitalization rate of 12.5% on the sale price. The original asking price for the property was $3,050,000 which included a Freehold Purchase of 0.55 Acres and the possibility of a lease assignment of 0.52 Acres for a total of 1.07 Acres.

Original PDF Brochure – 20279 Lougheed

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