Freestanding CIBC Bank Building in Richmond Sells in $7.4M Deal
A freestanding CIBC on No. 5 Road in the Ironwood area of south Richmond has sold for $7,398,000, or $1,468 per SF.
Property Details:
- Type: Single Tenant Retail
- Tenant: CIBC
- Lease Expiry: 2029 (3 x 5yr options)
- Building Size: 5,041 SF
- Lot Area: 20,021 SF
- Year Built: 2014
- Cap Rate: 3.9%
The property includes 23 parking stalls and a drive thru ATM. It had been listed for $7,850,000.
The property was listed and sold by Allon Shapiro and Angus Tone of CBRE.
