We are pleased to re-introduce Westwood Square, an 18,000 SF retail and office property located on Westwood Street in Port Coquitlam. The asking price has been reduced from $9,800,000 to $8,200,000, representing a 5.0% cap on stabilized income.

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A strip mall located at 8989-8999 Young Road in Chilliwack has sold for $5,675,000, equating to a 5.60% cap rate.

The 18,127 SF building is fully leased and located on a 32,255 SF site. The OCP for the site allow future redevelopment for up to 4-storeys residential mixed-use.

Jack Allpress and Joey Yoo of Marcus & Millichap represented the Sellers in the transaction.

Colliers has completed the sale of a mixed-use development site located at 2245 McAllister Avenue in Port Coquitlam, as reported on by Storeys. The site, previously owned by Quarry Rock, is approved for a 5-storey, 80-unit project with 19,000 SF of retail at grade. It was sold to Northstar Development for $11,600,000 or $168 per buildable SF based on the approved application.

Hart Buck and Jennifer Darling listed and sold the site.