Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Retail, SOLD

Maple Ridge Medical Plaza Trades for $9.3M

A fully leased, medical service–oriented retail plaza at 20528–20580 Lougheed Highway in Maple Ridge has sold to a private local investor for $9,300,000.

The property, known as Mageta Medical Centre, comprises 13,817 SF of rentable area across two buildings on a 1.19-acre site.

Deal Notes

  • Sale Price: $9,300,000
  • $/SF: $673
  • Cap Rate: 5.3%
  • Building Size: 13,817 SF
  • Year Built: 1992
  • Use: Medical / service-oriented retail
  • Status: Fully leased

The property had originally been listed for sale by Avison Young in late 2024 for $11,750,000. The Buyer in this transaction was represented by William Wright.

April 6, 2026by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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