I have sold a property at 250 2088 NO. 5 RD in Richmond.
Investor Alert! Seller will lease back at $13/SF for 3 years and have 2 renew options for 3 years each. Cap rate is approx. 3.27%. Approx. 2,485 SF warehouse strata unit with river and mountain view in popular North Richmond Bridgeport area. Just a few minutes away from Vancouver area and Richmond central. Approx 954 SF office space on the second floor, around 1,531 SF ground floor warehouse spaces with 18' clear ceiling. 10 x 12 rear overhead loading door at grade. Concrete tilt-up construction. Air conditioning, sprinkler system and security alarm system are all in the unit. Current usage of the unit is for entertainment business (karaoke, billiards, etc.) Can take Vacant Possession or investor can choose to keep Seller as tenant. Call now!