4.5% Cap Building in PoCo

 

Property Type Commercial Properties
Status New Featured
Address Port Coquitlam
Price $4,700,000
Lot Size 8,400+ sqft
Storeys 3

. Port Coquitlam, BC

Lot Size : 8,448 sqft (66.02 frontage by 127.96 depth)

Rentable B/D Area : 9,788 sqft

Gross Rental Income : $240,000+/yr

(12 Tenants : 10 Residential & 2 Commercial / Six 1BR of

& Four 2BR )

 

Net Income : Approx. $210,000+

Cap : 4.5%

Property Tax : Approx. $17,000 / Other Expense : $6,000

 

**Description of BD

 1st Floor : Deli Shop (1,037 sqft )

          Storage (1,182 sqft )

 2nd & 3rd Floor : Six 1 Bedroom, Four 2 Bedroom

           (About 650 sqft & 915 sqft)

     

**Surrounding Development

The Subject property is located within the Central Port

Coquitlam neighborhood.

 

Surrounding developments in the immediate area include

mixed use service commercial/retail with upper storey

residential units, as well as multi-storey residential apartment

buildings.

 

Commercial uses include restaurants, coffee shops, retail

stores, personal services, grocery stores, professional services,

banks, the post office, recreation center, and the City Hall.

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