A streetfront retail property in the Connaught Heights area of New Westminster has sold for $5,000,000. The property is fully leased to ten local retail tenants.

Property Details:

• Type: Streetfront multi-tenant retail
• Building Size: 10,478 SF
• Lot Area: 16,113 SF
• Year Built: 1919
• Cap Rate: 5.3%

The property includes 18 parking stalls. It had been listed for $6,500,000.

The property was listed and sold by Cody Davis of Jovi Realty.