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.
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