Three West Centre, No. 3 Road & Westminster Highway

Richmond, BC

$23,100,000

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Three West Centre, No. 3 Road & Westminster Highway

Price$23,100,000

Overview

73,000 sq.ft of prime commercial located in Richmond, BC. This prestigious mixed use development is located in Richmond’s most prominent commercial intersection at the south west corner of No. 3 Road and Westminster Highway.

Location

Opportunity: To purchase the prime commercial space in Three West Centre, the most prestigious mixed use development in Richmond, British Columbia. The offering includes three floors of the office tower, the 2nd floor retail, the CIBC Banking Hall and the parkade. The space is 65% leased to national tenants, 13% to government and 16% to one of the premier Asian restaurants in Canada deriving 94% of its net income from AAA tenants.

Features

Three West Centre is situated in Richmond’s most prominent commercial intersection at the south west corner of No. 3 Road and Westminster Highway. It is surrounded by the regional offices of most other Canadian chartered banks and is adjacent to the 700,000 sq.ft. Richmond Centre, one of the top five malls in sales per square foot in British Columbia.

Building Notes

A five year old, 216,000 sq.ft. mixed use development comprising an eight storey office tower, an 11 storey residential tower, two floors of retail and a 403 stall parkade.

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Income and expenses	Net operating income	Net Operating Income$1,823,683.00

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.