Richmond Retail/Office Building Sells in $24.25MM Deal
8010 Saba Road in Richmond has sold for $24,250,000. The property is improved with a 33,456 SF retail and office building whose main tenants include HSBC and National Bank Financial. The purchase price equates to a 4.4% cap rate, or $722 per SF. The building was sold by bid process in June with no asking price.
Here is a video overview of the property by the listing agent, Cushman Wakefield:
8010 Saba Road, Richmond BC from Cushman & Wakefield | Vancouver on Vimeo.
Own an retail property in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
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